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74.6 Million PIT Returns Filed in FY23, Showcasing Remarkable Growth Since FY15 Governments Efforts to Widen the Taxpayer Base Bear Fruit, Anticipates Surge in Revenue In a recent revelation by the Income-tax department, the total number of income tax returns (ITRs) filed by personal income tax filers (PIT), comprising individuals and Hindu Undivided Family (HUF), has witnessed a staggering 94% increase between the fiscal years 2015 and 2023. This significant surge reflects the progress ac
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FAQ :
The total number of personal income tax returns (ITRs) filed has increased by a significant 94% between fiscal years 2015 and 2023.
A total of 74.6 million personal income tax returns were filed in fiscal year 2023.
Factors include the digitisation of tax administration, reduced compliance burdens, increased income levels, and enhanced coverage of the Tax Deducted at Source (TDS) regime.
Collections from personal income tax (PIT) showed an impressive 213% growth between FY15 and FY23.
Personal income tax (PIT) returns comprise filings by individuals and Hindu Undivided Families (HUFs).
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