Income Tax Department Witnesses Increase in ITR Submissions for Assessment Year 2023-2024                 

The Income Tax Department has seen a significant increase in the filing of Income Tax Returns (ITRs), reaching a new record of 8.18 crore ITRs for the Assessment Year 2023-2024 by December 31, 2023.

This compares to 7.51 crore ITRs filed by December 31, 2022, marking a 9% growth compared to the total ITRs filed for the Assessment Year 2022-2023. Additionally, the total number of audit reports and other forms filed during this period is 1.60 crore, up from 1.43 crore filed in the corresponding period of the previous year.

More than 8.18 crore Income Tax Returns (ITRs) have been filed for the Assessment Year 2023-2024 as of December 31, 2023, reflecting a year-on-year increase of 9%. The Income Tax Department conducted over 103.5 crore outreach activities using targeted emails, SMS, and creative campaigns.

The e-filing Helpdesk team addressed approximately 27.37 lakh queries from taxpayers by December 31, 2023. The digital e-pay tax payment platform TIN 2.0 introduced user-friendly options for the e-payment of taxes, ensuring real-time crediting to taxpayers and facilitating faster and more convenient ITR filing.

Many taxpayers diligently reviewed their financial transactions by checking their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS).

A significant portion of data for all Income Tax Returns (ITRs) was automatically filled in, covering details like salary, interest, dividend, personal information, tax payments (including TDS-related information), brought forward losses, MAT credit, and more. This prefilling feature greatly simplified the compliance process for taxpayers and contributed to a smoother and quicker filing of ITRs.

In addition, for the fiscal year 2023-2024, a digital tax payment platform known as TIN 2.0 was fully implemented on the e-filing portal, replacing the OLTAS payment system.

TIN 2.0 introduced user-friendly options for tax payments, including Internet Banking, NEFT/RTGS, OTC, Debit Card, payment gateway, and UPI. This platform ensures real-time crediting of taxes to taxpayers, enhancing the efficiency and speed of the ITR filing process.

To encourage early filing of Income Tax Returns (ITRs) and Forms, the Income Tax Department conducted over 103.5 crore outreach activities using targeted emails, SMS, and creative campaigns. These efforts yielded positive results, with a 9% increase in ITRs filed for the Assessment Year 2023-24 by December 31, 2023.

The e-filing Helpdesk team addressed approximately 27.37 lakh queries from taxpayers, offering proactive assistance during peak filing periods. Support was extended through inbound calls, outbound calls, live chats, WebEx, and co-browsing sessions.

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