As of 10th August 2023
- Gross Direct Tax collections for FY 2023-24
- o. Direct Tax collection Rs. 6.53 lakh crore , YoY growth 15.73%
- o. Net collections at Rs. 5.84 lakh crore YoY growth 17.33%
- o. Refunds of Rs. 69,000 crore YoY growth 3.73% for the corresponding period of FY 2022-2023.
As of 31st July 2023
- Status of ITRs filed
- o. Total 6.77 Cr ITRs filed as compared to 5.83 Cr its 16.1% growth YoY
- o. Statistics and growth in ITR Filiing FY 2022-23
Only 6,77,42,303 individuals filed Tax Return for AY 2023-24 till 31st July. India's approximate population is 1,42,97,34,552. Numbers published by Income tax department.
References
- Up to 10th Aug 2023, Direct Tax Collections for F.Y. 2023-24
- Up to 31st July 2023, ITR Filed Status for F.Y. 2022-23
- Income Tax Tutorial Income Tax Tutorial Handbook
- Income Tax Calculator Income Tax Calculator
Legal Disclaimer: The information provided is based on the current IT laws for FY 2024-25, FY 2022-23 and FY 2023-24 and readers should verify details with relevant authorities. Keep in mind that the process and options might vary slightly based on updates to the Income Tax e-Filing portal or changes in procedures, so it is a good idea to refer to the latest guidance available on the portal.