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STATISTICS ON INCOME TAX RETURNS FILED IN THE CURRENT YEAR

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STATISTICS ON INCOME TAX RETURNS FILED IN THE CURRENT YEAR
Mr. M. GOVINDARAJAN By: Mr. M. GOVINDARAJAN
August 13, 2020
All Articles by: Mr. M. GOVINDARAJAN       View Profile
  • Contents

Introduction

Our country has the population of more than 100 crores.  But how many of them pay income tax and file returns?  This is a million dollar question.  In this article the statistics relating to the filing of various returns under the Income Tax Act, 1961 in the current year from April 2019 to June 2020 is analyzed.   Some returns are required to be filed electronically and some may be filed through offline procedure. 

Returns

The returns taken for the purpose of the analysis are as follows-

  • ITR  - 1 – Sahaj - For individuals being a resident (other than not ordinarily resident) having total income upto ₹ 50 lakh, having Income from Salaries, one house property, other sources (Interest etc), and agricultural income upto ₹ 5000;
  • ITR -  2 - For Individuals and HUFs not having income from profits and gains of business or profession;
  • ITR – 3 - For individuals and HUFs having income from profits and gains of business or profession;
  • ITR -4 – Sugam - For Individuals, HUFs and Firms (other than LLP) being a resident having total income up to ₹ 50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE;
  • ITR – 5 - For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7;
  • ITR -6 - For Companies other than companies claiming exemption under section 11;
  • ITR – 7 - For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only.

E-returns

The number of persons registered with the web site for e-filing as on 31.07.2020 is 94059666.  51.91% of returns were filed using utility provided by the Department.  47.49% of returns were filed out of office hours.

The following table shows the e-returns filed during the current year from 01.04.2020 to 31.07.2020 form wise with the comparison of previous two financial years-

Table – 1

ITR WISE E-RETURNS

Sl. No.

ITR FORM

2018 - 19

2019 – 20

2020 – 21*

1

ITR - 1

31700240

32867166

4086566

2

ITR – 2 (Till AY 2016 – 17)

43752

30608

715

3

ITR – 2 (From AY 2017 – 18)

4777808

4984384

324902

4

ITR – 2A (For AY 2015 – 16 & 2016-17)

5460

920

56

5

ITR – 3 (Till AY 2016 – 17)

9584

6566

328

6

ITR – 3 (From AY 2017 – 18)

12511740

11651917

490769

7

ITR – 4 S (Till 2016 – 17)

77283

17995

505

8

ITR – 4 (Till AY 2016 – 17)

121011

44058

1470

9

ITR – 4 (From AY 2017 – 18)

14773246

15475401

1216799

10

ITR – 5

1557596

1519729

63508

11

ITR – 6

962753

930804

36026

12

ITR - 7

268836

261112

24225

TOTAL

66808129

677090660

7245859

  • From 01.04.2020 to 31.07.2020

The number of returns filed seems to be less since the last date for filing the returns is extended to 30.11.2020.

Filing growth – Financial year

The filing growth in respect of year 2020-21 is compared with the previous year 2019 – 20 in the given table below.  The period is from 01.04.2019 to 31.07.2019 and for the year 2020-21 the period is from 01.04.2020 to 31.07.2020.

Table – 2

Filing growth – Financial year

Sl. No.

Returns

Filed in 2019 – 20*

Filed in 2020 – 21**

Growth (%)

1

ITR - 1

16837557

4086556

-75.73

2

ITR -2 or ITR – 2A

2016881

325673

-83.85

3

ITR -3 (Till AY 2016-17)

ITR – 3 (From AY 2017-18)

ITR – 4 (Till AY 2017-18)

2787197

492567

-82.29

4

ITR 4S (Till AY 2016 – 17)

ITR 4 (From AY 2017 – 18)

4797899

2217304

-53.78

5

ITR – 5

185177

63508

-65.70

6

ITR – 6

27850

36026

29.36

7

ITR - 7

18182

242253

33.24

TOTAL

26663743

7245859

-72.83

*from 01.04.2019 to 31.07.2019;

**from 01.04.2020 to 31.07.2020.

More ITR – 6 and ITR-7 returns sere filed in the current year when compared in the previous year of the same period.

Filing growth – Assessment year

The filing growth in respect of assessment year 2020-21 is compared with the previous assessment year 2019 – 20 in the given table below.  The period is from 01.04.2019 to 31.07.2019 and for the year 2020-21 the period is from 01.04.2020 to 31.07.2020.

Table  - 3

Filing growth – Assessment year

Return

AY 2019 – 20*

AY 2020 – 21 **

Increase (%)

ITR – 1 – On line

6466733

1100031

-82.99

ITR – 1 - Offline

10343161

2499792

-75.83

Sub total

16809894

3599823

-78.59

ITR -2

1975506

212649

-89.24

ITR - 3

2674987

860

-99.97

ITR – 4 – Offline

3086062

692848

-77.54

ITR -4 – Online

1661214

589149

-64.54

Sub Total

4746276

1281997

-72.99

ITR – 5

166963

0

-100

ITR – 6

2730

0

0

ITR – 7

114 51

0

-100

Total

26387807

5095329

-80.69

*from 01.04.2019 to 31.07.2019;

**from 01.04.2020 to 31.07.2020.

Category wise income returned

In the following table the income returned category wise in the current year from 01.04.2020 to 31.07.2020 is furnished-

Table – 4

Category wise income returned

Sl. No.

Category

Range 1

Range 2

Range 3

Range 4

Range 5

Range 6

1

Association of persons

16427

309

173

141

51

90

2

Body of individuals

469

17

10

5

1

3

3

Company

25145

1357

1414

1773

1243

3712

4

Firm

44351

2899

1895

1441

707

821

5

Government

40

1

1

1

0

1

6

Hindu undivided family

50839

5392

1662

469

84

66

7

Artificial Juridical person

678

8

9

5

3

7

8

Local Authority

338

8

4

2

2

7

9

Individual

5590824

1008791

231019

71549

8888

5066

10

Trust

20135

276

134

84

30

62

Total

5749246

1019058

236321

75470

11019

9835

Note:

  • Range 1 – Upto ₹ 5,00,000/-
  • Range 2 – From ₹ 5,00,001/- to ₹ 10,00,000/-
  • Range 3 – From ₹ 10,00,001/- to ₹ 20,00,000/-
  • Range 4 – From ₹ 20,00,001/- to ₹ 50,00,000/-
  • Range 5 – From ₹ 50,00,001/- to ₹ 1,00,00,000/-
  • Range 6 – Above ₹ 1,00,00,000/-

State-wise filing

In the following table the income returned each state wise can be seen in the current year from 01.04.2020 to 31.07.2020-

Table – 5

State/Union Territory wise returns filed

Sl. No.

Name of State/Union territory

No. of returns filed from 01.04.2020 to 30.06.2020

1

Andaman and Nicobar Islands

4846

2

Andhra Pradesh

253043

3

Arunachal Pradesh

3844

4

Assam

110054

5

Bihar

263613

6

Chandigarh

27547

7

Chhattisgarh

121956

8

Dadra & Nagar Haveli

3981

9

Daman & Diu

2342

10

Delhi

242382

11

Goa

22167

12

Gujarat

755806

13

Haryana

320300

14

Himachal Pradesh

96835

15

Jammu & Kashmir

107684

16

Jharkhand

138602

17

Karnataka

398615

18

Kerala

157008

19

Ladakh

923

20

Lakshadweep

358

21

 Madhya Pradesh

286724

22

Maharashtra

828109

23

Manipur

9742

24

Meghalaya

6191

25

Mizoram

1150

26

Nagaland

4181

27

Orissa

122776

28

Pondicherry

11191

29

Punjab

459993

30

Rajasthan

601479

31

Sikkim

3272

32

From States Outside India

9091

33

Tamil Nadu

391876

34

Telangana

256703

35

Tripura

14465

36

Uttar Pradesh

682474

37

Uttarakhand

109649

38

West Bengal

414887

Total

7245859

Gujarat took the lead in filing highest number of income tax returns followed by Maharashtra, Rajasthan, Punjab, West Bengal (in count more than 4 lakhs).

Reference:

https://www.incometaxindiaefiling.gov.in/moreStatistics

 

By: Mr. M. GOVINDARAJAN - August 13, 2020

 

Discussions to this article

 

Sir,

Since ITR 5, 6, 7 has not been Notified for AY 2020-21, how it is possible that returns have been filed.

In my opinion these returns may of of period earlier to AY 2020-21 filed in the current FY

Mr. M. GOVINDARAJAN By: Rachit Agarwal
Dated: August 15, 2020

Yes. Previous year written filed in the current FY.

Mr. M. GOVINDARAJAN By: DR.MARIAPPAN GOVINDARAJAN
Dated: August 15, 2020

Sorry. Read 'return' instead of 'written'.

Mr. M. GOVINDARAJAN By: DR.MARIAPPAN GOVINDARAJAN
Dated: August 15, 2020

Dear sir

A very good analysis. But the State wise tax payment would be more crucial than comparing the mere filing of returns.Such analysis is also to be made..

Mr. M. GOVINDARAJAN By: Gnanamuthu samidurai
Dated: August 17, 2020

 

 

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