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of <h1>Taxpayer Compliance Soars: 90% Rise in Filings, 295% Surge in Mid-Income Bracket, Tax Base Widens Significantly.</h1> The Time Series data on Direct Taxes reveals a significant increase in taxpayer compliance and a widening tax base. Individual tax return filings rose by 90% from 3.36 crore in AY 2013-14 to 6.37 crore in AY 2021-22, with 7.41 crore returns filed for AY 2023-24, including 53 lakh new filers. Tax filings in income brackets of Rs. 5 lakh to Rs. 10 lakh and Rs. 10 lakh to Rs. 25 lakh surged by 295% and 291%, respectively. The average gross total income increased by 56%, and net direct tax collections grew from Rs. 6.38 lakh crore in FY 2013-14 to Rs. 16.61 lakh crore in FY 2022-23.
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