28.4% Growth in E-Returns by Income Tax Payers: Minister Shiv Pratap Shukla

Income Tax - E-Returns - Taxscan

The Minister of State for Finance, Shri Shiv Pratap Shukla has said that there is 28.4% growth in the number of e-returns filed by the income tax payers.

There has been a growth in the number of e-Returns filed by the individual taxpayers during the last four years.

In a written reply to a question in Lok Sabha today, the Minister said that the average net tax liability in the e-Returns filed by individual taxpayers during the period under reference is Rs. 49,656/-.

The number of income-tax returns filed and the annual growth rate during the last four financial years are as under:

Financial Number of Income Tax Returns Growth over
Year (including revised returns) filed previous year
by Individuals
2014-15 31,334,957 15.7%
2015-16 40,034,897 27.8%
2016-17 49,329,747 23.2%
2017-18 63,349,975 28.4%

 

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