The total number of income tax returns(ITRs) filed by personal income tax filers (PIT), – individuals and Hindu Undivided Family (HUF) – rose 94% between FY15 and FY23, the first nine years of the Narendra Modi government, according to time series data released by the Income-tax department recently.
As many as 74.6 million PIT returns were filed in FY23, as against 38.4 million in FY15.
This shows significant success of the efforts to expand the taxpayer base and could potentially accelerate revenue receipts in the coming years. PIT collections grew 213% between FY15-FY23, still a growth lower than in the decade before.
A host of factors digitisation of tax administration, easing compliance burden, rise in income levels, and increased coverage TDS regime – had contributed to the growth in the number of tax filers, said experts.