49% of India's taxpayers yet to file ITR; 29% struggle to meet July 31 deadline: Survey
ADVERTISEMENT
As the July 31 deadline for filing Income Tax Returns (ITR) approaches, 49% of taxpayers are yet to file their ITR for the 2023-24 financial year, citing issues with the income tax portal as the reason for the delay, according to a recent survey by LocalCircles. Besides, 29% of taxpayers express difficulty in filing by July 31.
The survey notes that over 4 crore returns have been filed, according to the Income Tax Department, as of July 22, representing an 8% increase from the same period in 2023. While time constraints and obtaining necessary documents were common problems, the primary issue was navigating the tax portal. Taxpayers reported problems such as system glitches, slow response times, and data discrepancies.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
The survey received over 38,000 responses from taxpayers located in 311 districts of India. 69% respondents were men while 31% respondents were women. 43% respondents were from tier 1, 26% from tier 2 and 31% respondents were from tier 3 and 4 districts.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.