NEW DELHI: The earnings taxdivision on Thursday stated I-T returns filed by particular person taxpayers have risen 90 per cent in 8 years to six.37 crore in AY 2021-22, indicating a widening of the taxpayer base. The returns filed by particular person taxpayers have elevated from 3.36 crore in Evaluation 12 months (AY) 2013-14 to six.37 crore in AY 2021-22, registering an general improve of 90 per cent.Through the present fiscal too, 7.41 crore returns have been filed for AY 2023-24 until date, together with 53 lakh first-time filers, the Central Board of Direct Taxes (CBDT) stated in an announcement.
Giving a breakup of the returns filed by particular person taxpayers throughout numerous ranges of gross whole earnings, the CBDT stated the ITRs filed by particular person taxpayers incomes between Rs 5 lakh and Rs 10 lakh have elevated 295 per cent in the course of the interval from AY 2013-14 to AY 2021-22.
There was a 291 per cent improve in ITRs filed by people with gross whole earnings between Rs 10 lakh and Rs 25 lakh.
“This means that particular person taxpayers are exhibiting a optimistic development of migration to a better vary of gross whole earnings,” the CBDT stated.
Within the vary of gross whole earnings of as much as Rs 5 lakh, the variety of returns filed by particular person taxpayers has elevated from 2.62 crore in AY 2013-14 to three.47 crore in AY 2021-22, registering a rise of 32 per cent. This vary of earnings contains people having earnings under the taxable restrict who might not be submitting returns.
An additional evaluation of the info of particular person taxpayers for AY 2013-14 and AY 2021-22 confirmed that the common gross whole earnings for particular person taxpayers elevated from about Rs 4.5 lakh in AY 2013-14 to about Rs 7 lakh in AY 2021-22 representing a rise of 56 per cent.
The rise in common gross whole earnings for the highest 1 per cent of particular person taxpayers is 42 per cent, whereas that for the underside 25 per cent of particular person taxpayers is 58 per cent.
The proportionate contribution of the gross whole earnings of the highest 1 per cent of particular person taxpayers vis-a-vis all particular person taxpayers has decreased from 15.9 per cent in AY 2013-14 to 14.6 per cent in AY 2021-22.
The proportionate contribution of the gross whole earnings of the underside 25 per cent of particular person taxpayers vis-a-vis all particular person taxpayers has elevated from 8.3 per cent in AY 2013-14 to eight.4 per cent in AY 2021-22.
The proportion of gross whole earnings of the center 74 per cent group of particular person taxpayers elevated from 75.8 per cent to 77 per cent in the course of the interval.
“…knowledge is clearly indicative of a sturdy development within the gross whole earnings of people throughout totally different earnings teams subsequent to AY 2013-14. The general affect has been mirrored in a rise in web direct tax collections from Rs 6.38 lakh crore in FY 2013-14 to Rs 16.61 lakh crore in FY 2022-23,” the CBDT stated.
The 2023-24 funds has pegged direct tax assortment at slightly over Rs 18.23 lakh crore, a 9.75 per cent larger than Rs 16.61 lakh crore mopped up within the final fiscal.
Giving a breakup of the returns filed by particular person taxpayers throughout numerous ranges of gross whole earnings, the CBDT stated the ITRs filed by particular person taxpayers incomes between Rs 5 lakh and Rs 10 lakh have elevated 295 per cent in the course of the interval from AY 2013-14 to AY 2021-22.
There was a 291 per cent improve in ITRs filed by people with gross whole earnings between Rs 10 lakh and Rs 25 lakh.
“This means that particular person taxpayers are exhibiting a optimistic development of migration to a better vary of gross whole earnings,” the CBDT stated.
Within the vary of gross whole earnings of as much as Rs 5 lakh, the variety of returns filed by particular person taxpayers has elevated from 2.62 crore in AY 2013-14 to three.47 crore in AY 2021-22, registering a rise of 32 per cent. This vary of earnings contains people having earnings under the taxable restrict who might not be submitting returns.
An additional evaluation of the info of particular person taxpayers for AY 2013-14 and AY 2021-22 confirmed that the common gross whole earnings for particular person taxpayers elevated from about Rs 4.5 lakh in AY 2013-14 to about Rs 7 lakh in AY 2021-22 representing a rise of 56 per cent.
The rise in common gross whole earnings for the highest 1 per cent of particular person taxpayers is 42 per cent, whereas that for the underside 25 per cent of particular person taxpayers is 58 per cent.
The proportionate contribution of the gross whole earnings of the highest 1 per cent of particular person taxpayers vis-a-vis all particular person taxpayers has decreased from 15.9 per cent in AY 2013-14 to 14.6 per cent in AY 2021-22.
The proportionate contribution of the gross whole earnings of the underside 25 per cent of particular person taxpayers vis-a-vis all particular person taxpayers has elevated from 8.3 per cent in AY 2013-14 to eight.4 per cent in AY 2021-22.
The proportion of gross whole earnings of the center 74 per cent group of particular person taxpayers elevated from 75.8 per cent to 77 per cent in the course of the interval.
“…knowledge is clearly indicative of a sturdy development within the gross whole earnings of people throughout totally different earnings teams subsequent to AY 2013-14. The general affect has been mirrored in a rise in web direct tax collections from Rs 6.38 lakh crore in FY 2013-14 to Rs 16.61 lakh crore in FY 2022-23,” the CBDT stated.
The 2023-24 funds has pegged direct tax assortment at slightly over Rs 18.23 lakh crore, a 9.75 per cent larger than Rs 16.61 lakh crore mopped up within the final fiscal.
