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:

FinancialNumber of Income Tax ReturnsGrowth over
Year(including revised returns) filedprevious year
by Individuals
2014-1531,334,95715.7%
2015-1640,034,89727.8%
2016-1749,329,74723.2%
2017-1863,349,97528.4%

 

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