In a written reply to a question in the Lok Sabha stated that "Total number of Income tax Returns (ITRs) filed by individuals (between age of 18 to 35 years) during FY 2022-23 till 31st January 2023: 2,09,06,829."
Reetu | Feb 25, 2023 |
20906829 ITRs filed by individuals (between age of 18 to 35 years) during FY 2022-23
The Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary in a written reply to a question in the Lok Sabha stated that “Total number of Income tax Returns (ITRs) filed by individuals (between age of 18 to 35 years) during FY 2022-23 till 31st January 2023: 2,09,06,829.”
As per Income-tax Act,1961, tax is calculated and collected based on total income returned in ITR. Total Income includes income from different heads of income such as income from salary, income from house property, income from profit and gains from business or profession, income from capital gains and income from other sources. Tax is not collected separately under different heads. Gross taxes paid as per ITRs filed, before claim of refund: Rs 93,318 crore.
Total number of ITR filed by individual (below age of 18 years) during FY 2022-23 till 31st January 2023: 4,861.
As per Income-tax Act,1961, tax is calculated and collected based on total income returned in ITR. Total Income includes income from different heads of income such as income from salary, income from house property, income from profit and gains from business or profession, income from capital gains and income from other sources. Tax is not collected separately under different heads. Gross taxes paid as per ITRs filed, before claim of refund: Rs 6.31 crore.
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