Income Tax Data For Financial Year 2023
Income Tax Return
A form which a person needs to submit to the IT Department. It has
information about their income
& the taxes to be paid on it during the year.
Significance of ITR
ITR reflects the
of the country and the financial stability of its citizens at an individual level.
Top 5 states with 4
7% ITR filing
Tax-Filers Count Reduced in Ladakh
Being the sparsely populated state
, the number of tax filers reduced.
Most Popular Forms
ITR 1 (Resident individuals with ≤
, and ITR 4 (Resident individuals & HUF with ≤
Highest Filed Form
ITR-2 which also includes
has seen the highest filings.
Change in ITR-Form Filing Data
ITR 1: 3.82% ITR 2: 27.45% ITR 2A: 2.88% ITR 3: 4.08% ITR 4: 6.36%
ITR 4S: -37.74% ITR 5: 4.47% ITR 6: 3.30% ITR 7: 0.01%
The Positive Side
To flourish the economy, we need
more people gainfully employed
, & these numbers are a good indicator that we are on the right track.
Earn 9 - 11%
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