E-Returns Filed by the Individual Tax Payers increase by 28 &

By Sarkaritel December 14, 2018 19:32

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New Delhi, Dec 14 There has been a growth in the number of e-Returns filed by the individual tax payers during the last four years.

The number of income-tax returns filed and the annual growth rate during the last four financial years are as under:

Financial Year Number of Income Tax Returns (including revised returns) filed by Individuals Growth over Previous Year
2014-15 31,334,957 15.7%
2015-16 40,034,897 27.8%
2016-17 49,329,747 23.2%
2017-18 63,349,975 28.4%

The average net tax liability in the e-Returns filed by individual taxpayers during the period under reference is Rs. 49,656/-.

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

By Sarkaritel December 14, 2018 19:32

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