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CBDT

Record-Breaking ITRs Filed; Direct Tax Collections Surge 24% to Rs 8.1 Lakh Crore

12 Aug 2024

Gross direct tax collections by the government for the current financial year (2024-25) have soared by 24% compared to the same period last year, reaching Rs 8.13 lakh crore, according to data released by the Central Board of Direct Taxes (CBDT) on Monday. The previous year's figure stood at Rs...

Over 5 Crore ITRs Filed As Deadline Nears: Income Tax Dept’s Update

27 Jul 2024

The Income Tax Department announced on Saturday that over 5 crore tax returns for the Assessment Year 2024-25 have been filed so far through its e-filing portal, marking an 8% increase from the previous year. On July 26 alone, the portal received 28 lakh ITRs, showing a surge in last-minute...