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5.83 Crore (ITR) tax returns filed for 2020-21

More than 72 lakh ITR were deposited on the last day (Sunday) this time, the officer said.

New Delhi:

The income tax department has received about 5.83 crore tax returns, largely from salaried and individual taxpayers, by the end of the 2021-22 fiscal year filing season on July 31. , officials said Monday.

The latest numbers are roughly the same as last fiscal year (2020-21).

The deadline for filing income tax returns (ITRs) for taxpayers in the employee category and the individual category, who do not have to have their accounts audited for the fiscal year ending March 31, 2022, was March 31, 2022. July (Sunday).

“We received approximately 5.83 crore returns as of the end of July 31. The data is being reconciled to show the actual numbers,” a senior officer said.

The officer said that in the last fiscal year, the due date of which was extended to December 31, 2021, about the same number of returns – at 5.89 crore – were filed.

More than 72 lakh ITR were deposited on the last day (Sunday) this time, the officer said.

Under the latest rules, a late fee of Rs 5,000 would be payable by those (with an annual income of more than Rs 5 lakh) who file their ITR before December 31 of the assessment year 2022-23.

People whose annual income is less than Rs 5 lakh will be required to pay a late fee of Rs 1,000 for delayed filing.

Also, those with unpaid taxes will have to pay an additional 1% interest per month for late filing.

Late fees will not apply to taxpayers whose income is below the taxable limit.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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