Summary of Income Tax Return Statistics for AY 2023-24

The objective of publishing these statistics is to encourage wider use and analysis of Income Tax data by Departmental personnel and academicians.

Methodology Adopted:

  1. The statistics are based on the template of previous statistics published by the Department and an assessment of information available in various databases of the Income Tax Department.
  2. E-filed returns (digitally signed, e-verified, or where ITRV has been received) and paper returns captured in the system were used to generate the statistics.
  3. In cases of multiple returns submitted, the values in the latest return were considered.
  4. Consistency Rules were defined to eliminate returns with inconsistent data. A total of 7,97,15,745 e-returns were checked against consistency rules, and 7,97,12,145 returns meeting the consistency rules were used for statistical analysis.
  5. Certain statistics are mentioned in lakh (100 thousand) and crore (10 million).
  6. Various terms used in the statistics have been defined below respective tables.

Consistency Rules:

  1. Rule 1 focuses on Total Capital Gains in Part B TI.
  2. Rule 2 pertains to the display of salary income by individual category of assessees.
  3. Rule 3 ensures that Gross Total Income (GTI) is greater than or equal to zero.
  4. Rule 4 deals with the computation of Gross Total Income (GTI).
  5. Rule 5 involves the computation of Return Income.
  6. Rule 6 specifies that Tax Payable should be greater than or equal to zero.

For further details, refer to the complete income tax return statistics for assessment year 2023-24.