Record 7.28 Crore ITRs Filed by July 31, 2024; 72% of Taxpayers Opted for New Tax Regime | FinMin
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- Last Updated on 3 August, 2024
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Press Release, dated 02-08-2024
The Ministry of Finance has released a press release stating that a record 7.28 crore ITRs were filed for AY 2024-25 till 31st July 2024. This is 7.5% more than the total ITRs for AY 2023-24 filed till 31st July 2023.
Out of the total ITRs filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime compared to 2.01 crore ITRs filed in the Old Tax Regime. Thus, about 72% of taxpayers have opted for the New Tax Regime, while 28% continue to be in the Old Tax Regime.
FinMin stated that focused outreach campaigns were carried out on Social Media to encourage taxpayers to file their ITRs early. Unique creative campaigns were also carried out on different platforms. Informational Videos in 12 Vernacular languages, in addition to English and Hindi, were displayed on digital platforms. Outdoor campaigns were also carried out.
Such concerted efforts led to fruitful results with an increased number of filings.
Click Here To Read The Full Press Release
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