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Taxpayers Aged Between 18 To 35 Years Filed 2,09,06,829 ITRs Till 31 Jan: Govt
in a written reply to a question in Lok Sabha, the minister said that Rs 93,318 crore is the gross taxes paid as per ITRs filed, before the claim for refund
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Taxpayers aged between 18 to 35 years filed 2,09,06,829 Income tax Returns (ITRs) till 31 January 2023, said MoS for Finance Pankaj Chaudhary on Monday.
in a written reply to a question in Lok Sabha, the minister said that Rs 93,318 crore is the gross taxes paid as per ITRs filed, before the claim of refund.
For those below the age of 18 years, the minister further stated that 4,861 number of ITR filed were by individuals during FY 2022-23 till 31st January 2023.
The minister stated that this category of taxpayers paid Rs 6.31 crore gross taxes as per ITRs filed, before the claim of refund, he added.
Notably, as per Income-tax Act 1961, tax is calculated and collected based on total income returned in ITR.
Total Income includes income from different heads of income such as income from salary, income from house property, income from profit and gains from business or profession, income from capital gains and income from other sources.
Tax is not collected separately under different heads, MoS Chaudhary added.