Spike in ITR filings by the biggest earners in 2022-23, low growth in the lowest income bracket; 6.81 crore returns filed in current year until August 6; Maharashtra top state in filing of returns during last four years
In comparison with 2019-20, the number of income tax returns filed for 2022-23 rose by 41.5 per cent for tax filers with income above Rs 1 crore, whereas those in the income bracket of up to Rs 5 lakh registered an increase of just 0.6 per cent.
According to data from the Income Tax Department, less than 10 per cent of all return files occurred on 31 July, the last date for submitting without penal charges, , it returns, income tax department