Tag: income tax stastistics

The latest data on income tax website shows that a total of 3.24 lakh individuals filed their income tax return for over ₹1 crore before March 31, 2025. Out of these, a total of 2.97 lakh individuals filed their tax return for income between ₹one to five crore.

Taxpayers who filed their income tax returns (ITR) between ₹5-10 crore are 16,797 and those who filed their income tax returns for more than ₹10 crore are 10,184, shows the latest data on Income Tax (I-T) portal.

When we collate the overall data including companies, firms, HUFs, trusts, association of persons, government bodies and local authorities, total number of tax filers who filed over ₹one crore return are over 4.68 lakh. These include over 3.89 lakh whose income was in the range of ₹1-5 crore.

Over 36,000 had their income in the range of ₹5-10 crore and 43,000 had their income above ₹10 crore.

Income	No of individuals
Between 1-5 crore	2,97,086
Between 5-10 crore	16,797
Above 10 crore	10,184
Total	3,24,067

(Source: eportal.incometax.gov.in)

Total returns filed

There are a total of 14.01 crore registered users on the income tax India website. Out of these, individual users are 12.91 crore.

Total number of individual users who are registered and who have linked their Aadhaar are over 11.86 crore.

Total number of returns filed upto March 31 during FY 2024-25 are 9.19 crore and number of e-verified returns stand at 8.64 crore.

There has been considerable growth in the number of income tax returns filed in FY25 over FY24 with respect to ITR forms i.e., ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5.

With respect to ITR-2, there was a growth of 34.69 percent in FY 2025. For ITR-1, there was a marginal increase of 0.54 percent, and for ITR-3, there was 16.66 percent increase.

Overall, there was 7.81 percent growth when all income tax forms are viewed cumulatively.

The most recent data from the income tax department reveals that over 9.11 crore registered users have submitted their income tax returns (ITR) for the fiscal year 2024-25, as of February 28, 2025. This is significant considering the total number of registered users is 13.96 crore, indicating that over 65 percent of registered users have completed their filings for the current year.

Among these, the data shows that 8.56 crore tax returns have been e-verified by the same date.

In terms of refunds issued, the income tax department has processed refunds amounting to ₹3.92 lakh crore up to February 28, 2025, during FY 2024-25. Notably, more than 40 percent of users have utilized the online utility provided by the tax department for filing their returns.

Taxpayers with Income Over ₹1 Crore

Among these taxpayers, those with an income ranging from ₹1 crore to ₹5 crore number 3,89,380, while those earning between ₹5 crore to ₹10 crore total 36,274, as per data from the income tax department (ITD) until February 28, 2025.

Income (₹)	Tax Filers
Between 1 – 5 crore	3,89,380
Between 5 – 10 crore	36,274
Above 10 crore	43,004
Total	4,68,658

Moreover, 43,004 taxpayers have filed income tax returns for amounts exceeding ₹10 crore. In total, 4,68,658 individuals (3.89 lakh + 36K + 43K) have filed tax returns for incomes above ₹1 crore during FY 2024-25.

Maharashtra Takes the Lead

Focusing on state-wise data, Maharashtra has the highest number of tax filers, totaling 1.38 crore as of February 28. Gujarat follows with 87.90 lakh, while Uttar Pradesh reports 90.68 lakh filers. Other notable figures include 44.45 lakh in Delhi, 30.76 lakh in Andhra Pradesh, and 43.79 lakh in Punjab. Additionally, there were 87,501 tax filers from outside India.

Increase in Filing Activity

There has been notable growth in tax filings compared to last year across various income tax forms. For ITR-1, there was a 0.11 percent increase; ITR-2 reported a growth of 33.89 percent; ITR-3 saw a 15.50 percent rise; ITR-6 had a 5.59 percent increase, and ITR-5 experienced a 6.46 percent growth in 2024-25 compared to the previous year.

Read more at: Taxpayers with annual income of over ₹1 crore rose 323% to 350,000