The most recent information on earnings tax obligation internet site reveals that an overall of 3.24 lakh people submitted their tax return for over 1 crore prior to March 31, 2025. Out of these, an overall of 2.97 lakh people submitted their income tax return for earnings in between one to 5 crore.
Taxpayers that submitted their tax return (ITR) in between 5-10 crore are 16,797 and those that submitted their tax return for greater than 10 crore are 10,184, reveals the current information on Income Tax (I-T) site.
When we look at the total information consisting of firms, companies, HUFs, counts on, organization of individuals, federal government bodies and neighborhood authorities, complete variety of tax obligation filers that submitted over one crore return more than 4.68 lakh. These consist of over 3.89 lakh whose earnings remained in the series of 1-5 crore.
Over 36,000 had their earnings in the series of 5-10 crore and 43,000 had their earnings over 10 crore.
(Source: eportal.incometax.gov.in)
Total returns submitted
There are an overall of 14.01 crore signed up customers on the earnings tax obligation India internet site. Out of these, specific customers are 12.91 crore.
Total variety of specific customers that are signed up and that have actually connected their Aadhaar more than 11.86 crore.
Total variety of returns submitted upto March 31 throughout FY 2024-25 are 9.19 crore and variety of e-verified returns stand at 8.64 crore.
There has actually been significant development in the variety of tax return submitted in FY25 over FY24 relative to ITR types i.e., ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5.
With regard to ITR-2, there was a development of 34.69 percent in FY 2025. For ITR-1, there was a limited rise of 0.54 percent, and for ITR-3, there was 16.66 percent rise.
Overall, there was 7.81 percent development when all earnings tax return are checked out cumulatively.
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