Just a moment...
We've upgraded AI Tools on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
There has been a growth in the number of e-Returns filed by the individual tax payers during the last four years.
The number of income-tax returns filed and the annual growth rate during the last four financial years are as under:
Financial Year | Number of Income Tax Returns (including revised returns) filed by Individuals | Growth over previous year |
2014-15 | 31,334,957 | 15.7% |
2015-16 | 40,034,897 | 27.8% |
2016-17 | 49,329,747 | 23.2% |
2017-18 | 63,349,975 | 28.4% |
The average net tax liability in the e-Returns filed by individual taxpayers during the period under reference is ₹ 49,656/-.
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.
Electronic filing of individual income-tax returns showed sustained growth and an average net tax liability reflecting rising e-compliance. Growth in electronic filing of individual income-tax returns increased markedly from 2014-15 to 2017-18, with annual growth rates of about 15.7%, 27.8%, 23.2% and 28.4% and total filings rising from roughly 31.3 million to 63.3 million. The average net tax liability in those e-Returns was Rs. 49,656, presenting statistical evidence of rising e-Return adoption and associated net tax outcomes.Press 'Enter' after typing page number.