As per IT Department, Record 6.77 crore ITRs were file for AY 2023-24 till July 31. Income Tax Department while appreciating said “the taxpayers and tax professionals for making compliances in time”.
According to a press release by the Ministry of Finance, the total number of ITRs for AY 2023-24 file till 31st July, 2023 are more than 6.77 crore, which is 16.1% more than the total ITRs for AY 2022-23 (5.83 crore) file till 31st July, 2022.
The filing of ITRs peak on 31st July, 2023, due date for salaried taxpayers and other non-tax audit cases with over 64.33 lakh ITRs being file on a single day.
The e-filing portal also observe its highest per hour rate of 4,96,559 of ITR filing between 5 PM to 6 PM on 31st July, 2023, with highest per second rate of ITR filing of 486 (31-Jul-2023: 16:35:06) and highest per minute rate of ITR filing of 8,622 (31-Jul-2023: 17:54).
The IT Department also receive 53.67 lakh ITRs till 31st July, 2023 from first time filers, a fair indication of widening of tax base.
Ministry of Finance said :
"Campaigns on social media along with targeted e-mail and SMS campaigns were launched to encourage the taxpayers to file their ITRs early. Such concerted efforts led to fruitful results with taxpayers filing their ITRs for AY 2023-24 relatively earlier compared to the corresponding period of the preceding year,".
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Out of the 6.77 crore ITRs file for AY 2023-24, 49.18% of ITRs are ITR-1 (3.33 crore), 11.97% are ITR-2 (81.12 lakh), 11.13% are ITR-3 (75.40 lakh), 26.77% are ITR-4 (1.81 crore) and 0.94% are ITR-5 to 7 (6.40 lakh).
Over 46% of these ITRs have file using the online ITR utility available on the e-filing portal and the balance have file using offline ITR utilities.
During the peak filing period, e-filing portal successfully handle huge traffic providing a seamless experience to taxpayers for filing of ITRs.
During the period from 1st July, 2023 to 31st July, 2023, there were more than 32 crore successful logins on the e-filing portal.
On 31st July, 2023 itself, successful logins stood at 2.74 crore.
The process of e-verification through Aadhaar OTP and other methods is important for the Department to commence processing of the ITR and to issue refunds, if any.
Ministry of Finance said :
"It is encouraging to note that 5.63 crore returns have e-verified, out of which more than 5.27 crore are through Aadhaar based OTP (94%). Of the e-verified ITRs, more than 3.44 crore ITRs for AY 2023-24 have been process (61%) by 31st July, 2023,".
Then, a new e-pay tax payment platform TIN 2.0 was made available on the e-filing portal, replacing the earlier Protean (NSDL) based OLTAS payment system.
Which enable provision of more user-friendly options for e-payment of taxes and making available more number of options for mode of payments such as Internet Banking, NEFT/RTGS, OTC, Debit Card, payment gateway and UPI.
TIN 2.0 platform has enable real time credit of taxes to taxpayers which made ITR filing easier and faster.
Over 1.26 crore challans have been receive through TIN 2.0 payment system in the month of July, 2023 itself and total challans filed through TIN 2.0 since 1st April, 2023 stands at 3.56 crore.
Ministry of Finance said :
"The e-filing Helpdesk team has handled approximately 5 lakh queries from taxpayers in the month of July, 2023 supporting the taxpayers proactively during the peak filing period. The support from the helpdesk was provide to taxpayers through inbound calls, outbound calls, live chats, webex and co-browsing sessions. Helpdesk team also support resolution of queries receive on the Twitter handle of the Department through Online Response Management (ORM), by proactively reaching out to the taxpayers/ stakeholders and assisting them for different issues on near real-time basis,".
The IT Department has request all taxpayers to verify their ITRs within 30 days of filing.
The IT Department also urges taxpayers, who for any reason, miss the due date, to complete their filing immediately.
