New record of over 6.77 crore Income Tax Returns (ITRs) filed till 31st July, 2023

New record of over 6.77 crore Income Tax Returns (ITRs) filed till 31st July, 2023: The Income-tax Department has witnessed a remarkable surge in the filing of Income Tax Returns (ITRs) for Assessment Year (AY) 2023-24. The department thanks taxpayers and tax professionals for their prompt compliance, which has resulted in a new record of over 6.77 crore ITRs filed until July 31, 2023, indicating a considerable gain of 16.1% year on year.

Daily Current Affairs Quiz: August 2023

Filing Milestones and Early Compliance

The data highlights that taxpayers filed their ITRs for AY 2023-24 earlier compared to the previous year, which can be attributed to targeted campaigns and awareness efforts.

ITR Filing MilestoneAY 2022-23 DateAY 2023-24 Date
1 crore8th July 202226th June 2023
2 crore20th July 202211th July 2023
3 crore25th July 202218th July 2023
4 crore28th July 202224th July 2023
5 crore30th July 202227th July 2023
5.83 crore31st July 202230th July 2023
6 crore30th July 2023
6.77 crore31st July 2023

Distribution of ITRs by Type

Out of the total 6.77 crore ITRs filed for AY 2023-24, the distribution by type is as follows:

Type of ITRNumber of ITRs FiledPercentage
ITR-13.33 crore49.18%
ITR-281.12 lakh11.97%
ITR-375.40 lakh11.13%
ITR-41.81 crore26.77%
ITR-5 to 76.40 lakh0.94%

E-Verification and Processing

E-verification is an essential step for processing ITRs and issuing refunds. The department has received e-verification for 5.63 crore returns, with more than 5.27 crore verifications being done through Aadhaar-based OTP (94%). Over 3.44 crore (61%) e-verified ITRs for AY 2023-24 had been processed by July 31, 2023.

Seamless E-Filing Experience

The e-filing portal witnessed a record number of logins during the peak filing period, with over 32 crore successful logins from 1st July 2023 to 31st July 2023. On 31st July 2023 alone, there were 2.74 crore successful logins.

Introduction of TIN 2.0 Payment Platform

The previous system was replaced with the new TIN 2.0 e-pay tax payment platform, which offers more user-friendly choices for e-payment of taxes. Over 1.26 crore challans were received through TIN 2.0 in July 2023, while the total challans filed since 1st April 2023 stands at 3.56 crore.

Helpdesk Support

The e-filing Helpdesk team played a crucial role in assisting taxpayers during the peak filing period, handling approximately 5 lakh queries in July 2023. They provided support through inbound calls, outbound calls, live chats, webex, and co-browsing sessions, ensuring a smooth and efficient filing experience.

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