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The latest data from the Income Tax Department reveals that more than 9 crore taxpayers have filed their income tax returns (ITR) as of February 28, 2025, for the financial year 2024-25. Among them, over 4.68 lakh individuals reported an annual income exceeding ₹1 crore. Breakdown of High-Income Taxpayers ₹1 crore - ₹5 crore: 3.89 lakh taxpayers ₹5 crore - ₹10 crore: 36,274 taxpayers Above ₹10 crore: 43,004 taxpayers The total count of taxpayers earning more than ₹1 crore currently st
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FAQ :
As of February 28, 2025, over 9 crore taxpayers have filed their Income Tax Returns (ITR) for the financial year 2024-25.
More than 4.68 lakh individuals reported an annual income exceeding £1 crore.
The deadline for filing Income Tax Returns is March 31, 2025.
Maharashtra filed the most Income Tax Returns, with 1.38 crore submissions.
8.56 crore returns have been successfully e-verified.
Refunds worth £3.92 lakh crore have been issued to taxpayers.
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