Submitting ITR: More than 3.24 LAKH persons have submitted tax returns for income from £ 1 crore & higher until March 31

India economy


The latest data on the income tax website shows that a total of 3.24 LAKH persons have filed their income tax returns for more £1 crore before March 31, 2025. Of these, a total of 2.97 LAKH persons submitted their tax return for income between £One to five crore.

Taxpayers who have submitted their income tax returns (ITR) between £5-10 crore are 16,797 and those who have submitted their income tax returns for more than £10 Crore are 10.184, shows the latest information tax (IT) portal.

When we collect the general data, including companies, companies, HUFs, Trusts, Association or Persons, Government Bodies and Local Authorities, total number of tax filters who have submitted themselves £One crore recovery is more than 4.68 lakh. These include more than 3.89 Lakh whose income within the reach of wax £1-5 crore.

More than 36,000 had their income in the reach of £5-10 crore and 43,000 had their income above £10 crore.

((Source: eportal.incometax.gov.in))

Total efficiency

There are a total of 14.01 Crore -registered users on the India website income tax website. Of these, individual users are 12.91 crore.

Total number of individual users who are registered and who have linked their Aadhaar are more than 11.86 crore.

Total number of returns submitted during FY 2024-25 until March 31, are 9.19 crore and the number of e-re-deregied returns is at 8.64 crore.

A significant growth in the number of income tax returns has been submitted in FY25 via FY24 with regard to ITR forms, IE, ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5.

With regard to ITR-2 there was a growth of 34.69 percent in FY 2025. For ITR-1 there was a marginal increase of 0.54 percent and for ITR-3 there was 16.66 percent increase.

In general there was a growth of 7.81 percent when all forms in income tax were cumulatively viewed.

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