An SBI Research Report based on income tax returns filed for FY11 to FY22 shows positive trends, such as rise in average income of the middle class and significant decline in the number of returns with zero tax liability.
ITR tax filing last date: The Income Tax Department has urged taxpayers to file their returns at the earliest to avoid last-minute rush and late penalties.
ITR filing: Those who wish to send the ITR-V in a hard copy can send it through the usual address through speed post only to Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.
ITR filing deadline: Taking the 63.47 lakh returns filed on the last day, the total number of ITRs for the 2021-22 fiscal filed till 10 pm went past 5.73 crore.
Income Tax return filing deadline: The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31.