The Income-tax Department has witnessed a remarkable surge in the filing of Income Tax Returns (ITRs) for Assessment Year (AY) 2023-24. The department appreciates taxpayers and tax professionals for their timely compliance, leading to a new record of over 6.77 crore ITRs filed till 31st July 2023, representing a significant growth of 16.1% Year-on-Year.
Filing Milestones and Early Compliance
The data highlights that taxpayers filed their ITRs for AY 2023-24 earlier compared to the previous year, which can be attributed to targeted campaigns and awareness efforts.
ITR Filing Milestone | AY 2022-23 Date | AY 2023-24 Date |
---|---|---|
1 crore | 8th July 2022 | 26th June 2023 |
2 crore | 20th July 2022 | 11th July 2023 |
3 crore | 25th July 2022 | 18th July 2023 |
4 crore | 28th July 2022 | 24th July 2023 |
5 crore | 30th July 2022 | 27th July 2023 |
5.83 crore | 31st July 2022 | 30th July 2023 |
6 crore | — | 30th July 2023 |
6.77 crore | — | 31st July 2023 |
Distribution of ITRs by Type
Out of the total 6.77 crore ITRs filed for AY 2023-24, the distribution by type is as follows:
Type of ITR | Number of ITRs Filed | Percentage |
---|---|---|
ITR-1 | 3.33 crore | 49.18% |
ITR-2 | 81.12 lakh | 11.97% |
ITR-3 | 75.40 lakh | 11.13% |
ITR-4 | 1.81 crore | 26.77% |
ITR-5 to 7 | 6.40 lakh | 0.94% |
E-Verification and Processing
E-verification is an essential step for processing ITRs and issuing refunds. The department has received e-verification for 5.63 crore returns, with more than 5.27 crore verifications being done through Aadhaar-based OTP (94%). Out of the e-verified ITRs, over 3.44 crore (61%) ITRs for AY 2023-24 have been processed by 31st July 2023.
Seamless E-Filing Experience
The e-filing portal witnessed a record number of logins during the peak filing period, with over 32 crore successful logins from 1st July 2023 to 31st July 2023. On 31st July 2023 alone, there were 2.74 crore successful logins.
Introduction of TIN 2.0 Payment Platform
The new e-pay tax payment platform TIN 2.0 replaced the earlier system, providing more user-friendly options for e-payment of taxes. Over 1.26 crore challans were received through TIN 2.0 in July 2023, while the total challans filed since 1st April 2023 stands at 3.56 crore.
Helpdesk Support
The e-filing Helpdesk team played a crucial role in assisting taxpayers during the peak filing period, handling approximately 5 lakh queries in July 2023. They provided support through inbound calls, outbound calls, live chats, webex, and co-browsing sessions, ensuring a smooth and efficient filing experience.
Find More News on Economy Here