<h1>Record 7.24 Million Income Tax Returns Filed in One Day; New Measures Simplify Filing and Payment Processes.</h1> On July 31, 2022, a record 72,42,156 income tax returns (ITRs) were filed in a single day. The government has implemented measures to simplify tax processes, reduce compliance burdens, and promote entrepreneurship. For the assessment year 2022-23, 42.92% of ITRs were processed within 24 hours. The online tax payment system TIN 2.0 now includes 19 banks and offers new payment modes. The Income Tax Department is enhancing its e-filing portal with educational resources and co-browsing support. A proposed Common Income Tax Return aims to ease filing processes. Grievance redressal mechanisms have been strengthened with digital enhancements.