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of <h1>Young Taxpayers Aged 18-35 File Over 2 Crore ITRs, Contribute Rs 93,318 Crore in FY 2022-23.</h1> During the fiscal year 2022-23, up to January 31, 2023, individual taxpayers aged 18 to 35 filed 2,09,06,829 income tax returns (ITRs) and paid Rs 93,318 crore in gross taxes before refunds. Meanwhile, individuals under 18 filed 4,861 ITRs, paying Rs 6.31 crore in gross taxes. The Union Minister of State for Finance highlighted that taxes are calculated based on total income from various sources, not separately under different income heads, as per the Income-tax Act, 1961.
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