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% |