Over 3 crore ITRs for income earned in 2022-23 fiscal have been filed so far, out of which 91 per cent have been verified electronically, the income tax department said on Wednesday.
"Out of the 3.06 crore ITRs filed till 18th July, 2023, 2.81 crore ITRs have been e-verified i.e. more than 91 per cent ITRs filed have been e-verified! Out of the e-verified ITRs, more than 1.50 crore ITRs have already been processed," the I-T department tweeted.
The 3 crore-milestone in income tax return (ITR) filing has been reached 7 days earlier this year.
Please read/watch: Dunzo defers paying out June salary once again, cites cash crunch
The department of revenue had received nearly 5.83 crores income tax returns last year. According to reports, the surge of filing ITRs peaked on July 31, 2022 (the due date for salaried taxpayers and other non-tax audit cases), with over 72.4 lakhs returns being filed on July 31, 2022.
Late fee on ITR returns if you miss the deadline
Though taxpayers who miss the July 31 deadline can still file their returns, however, this comes with a late fee payment. For taxpayers with a yearly income up to Rs 5 lakh, a fine of Rs 1000 is charged, while a late fee of Rs 5,000 is imposed for annual income exceeding Rs 5 lakh.