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of <h1>Demonetization Boosts Tax Filers: 1.96 Crore Returns Filed Post-2016, Up from 1.63 Crore in 2015-16.</h1> The number of income tax payers increased significantly following demonetization, with 1.96 crore returns filed between November 9, 2016, and March 31, 2017, compared to 1.63 crore in the same period of FY 2015-16 and 1.23 crore in FY 2014-15. The government aims to foster a larger, cleaner, and more authentic GDP through demonetization, targeting the elimination of corruption, black money, counterfeit currency, and terror funding. This information was provided by the Minister of State for Finance in a written response to a question in the Rajya Sabha.
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