Don’t miss the latest developments in business and finance.

Over 76 lakh new assessees added between AY'12-13, AY'14-15

Image
Press Trust of India New Delhi
Last Updated : Oct 26 2016 | 7:07 PM IST
Over 76 lakh new assessees have started filing income tax returns between Assessment Years 2012-13 and 2014-15, pushing up the total number of individual return filers to over 3.65 crore.
As per the Income Tax Return Statistics released by CBDT, 2.89 crore individuals filed I-T returns during AY 2012-13, which went up to 3.35 crore in AY 2013-14 and further to 3.65 crore in AY 2014-15.
Of the 3.65 crore individuals who filed returns in AY 2014-15, 1.95 crore individuals have shown nil salary income.
The remaining 1.70 crore individuals have shown a cumulative salary income of over Rs 9.79 lakh crore.
During AY 2013-14 and AY 2012-13, the cumulative salary income disclosed by individual tax payers stood at Rs 8.33 lakh crore and Rs 6.26 lakh crore respectively.
The data for AY 2014-15 showed that bulk of the individual assessees or 35.39 lakh who filed tax return earned an annual salary ranging from Rs 5.50-9.50 lakh.

Also Read

As many as 30.98 lakh assessees with salary income between Rs 2.50-3.50 lakh have filed return during AY 2014-15. While 54,921 assessees have reported salary between Rs 50 lakh to Rs 1 crore.
There were 10 individuals who earned salary income in the range of Rs 50-100 crore, only two individuals have earned over Rs 100 crore.
Chief Economic Advisor Arvind Subramanian said the release of I-T statistics data reflect government's "continuing commitment to transparency".

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 26 2016 | 7:07 PM IST

Next Story