Average income of taxpayers up from ₹4.4 lakh in FY13 to ₹13 lakh in FY22
The average income is expected to touch ₹50 lakh in 2047, says SBI Research
The average income is expected to touch ₹50 lakh in 2047, says SBI Research
ITR forms have been notified in advance in order to enable filing of returns from the beginning of the ensuing assessment year.
FinMin says July 31, 2022, marked the highest filing of ITRs in one day at 72.42 lakh, while throughout the month, 5.13 crore returns were filed.
The proposed draft ITR takes a relook at the return filing system in tandem with international best practices, says CBDT.
The Central Board of Direct Taxes (CBDT) had earlier extended the last date for filing ITRs for the assessment year 2021-22 till December 31.