Mint7d
Four of every five people who will file returns for FY26 likely to pay no tax, data shows
About 83.9 million Indians have filed income tax returns (ITRs) for financial year 2023-24 (FY24) as of December 2024. Of these, only 28.2 million (or 34%) paid tax, while the remaining 55.7 ...
rediff.com7d
No Of Nil Tax Returns Nearly Doubles In 5 Years
ITRs with zero tax liability have increased to 55.7 million in FY25. Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Nataliya Vaitkevich/Pexels ...
The Financial Express16d
Taxpayers alert! You will now pay 70% additional tax if filing updated tax return after…
Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...
Business Insider India6mon
About 6 cr ITRs filed for FY24; 70% under new tax regime
For the 2022-23 fiscal, 8.61 crore ITRs were filed. The idea behind comprehensive income tax review as announced in the Budget is to make the tax law simpler. "We will come up with a draft and ...
Mint7d
Four of every five people who will file returns for FY26 likely to pay no tax, data shows
If trends from previous years continue, at least 80% of individuals who file ITRs for FY26 are expected to have zero tax liability, up from 66% in FY24. From AY20 to AY25, the number of ITR filers ...