Bharat Express

Income Tax Returns

Over 30,000 taxpayers disclosed foreign assets worth Rs 30,300 crore in revised or belated ITRs, FM Sitharaman said Tuesday.

The government has raised an additional Rs 9,118 crore in tax revenue from over 9 million updated ITRs filed in the past four years.

The number of women filing ITR in India increased by 25%, rising from 1.83 crore in Assessment Year (AY) 2019-20 to 2.29 crore in AY 2023-24.

Senior Income Tax officials report a rise in high-income taxpayers, with over 9.39 lakh individuals declaring incomes above Rs 50 lakh.

Maharashtra has topped the list with the most ITRs filed – 1.20 Crore. Uttar Pradesh stood second in the list with a marginal difference yet a good score.