Quick Summary
India has achieved a new milestone in tax compliance, with 9.19 crore income tax returns (ITRs) filed for the financial year 2024-25 by March 31, 2025, according to the Income Tax Department. This marks an 8% increase from the 8.52 crore returns filed in 2024 and a significant jump from 7.78 crore i
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FAQ :
By March 31, 2025, a total of 9.19 crore income tax returns were filed for the financial year 2024-25.
This figure shows an 8% increase from the 8.52 crore returns filed in 2024 and a significant jump from 7.78 crore in 2023, indicating a steady rise in tax filings.
Maharashtra led the states with 1.39 crore income tax returns filed.
The majority of filers, 4.19 crore, reported incomes below ₹5 lakh.
The increase is attributed to rising incomes, simplified digital filing processes, increased awareness, the need for ITRs for loans, and growing participation in the stock market.
A total of 3.24 lakh taxpayers declared annual incomes above ₹1 crore.
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