Income Tax Return Filing in 17-18 increased by 64.09% as compared to 13-14

1) No. Of Persons Filing IT Returns :

13-14.     3,31,47,372

14-15.     3,51,02,458

15-16.     3,90,57,028

16-17.     4,47,04,734

17-18.     5,43,91,232

That means Increase of 64.09% as compared to 13-14.

2) No. Of IT Returns filed Including Revised Returns:

13-14.   3,79,76,554

14-15.   4,04,33,614

15-16.   4,63,04,045

16-17.   5,57,09,086

17-18.   6,85,32,510

That means a Whopping Increase of 80.46% as compared to 13-14.

Also, Please Note that number of Revised Returns have increased manifold due to Fear Instilled in Tax Evaders after Demonetisation.

3)No. Of Tax Payers:

  (A tax payer is a person who either has filed IT return or in whose favor, Tax has been Deducted At Source, In case he has not filed IT Return)

13-14.    5,27,93,542

14-15.    5,71,58,811

15-16.    6,15,23,699

16-17.    6,92,73,834

17-18.    7,41,27,250

That means Increase of 40.41% as compared to 2013-14.

4) Direct Tax Receipts:

    ( figures in Crores)

13-14.    7,21,604

14-15.    7,99,459

15-16.    8,64,369

16-17.    10,12,401

17-18.    11,54,436

That means Increase of 59.98% as compared to 2013-14.

5) Indirect Tax Collection:

 (Figures in Crores)

13-14.    4,95,347

14-15.    5,43,215

15-16.    7,11,885

16-17.    8,61,515

17-18.    9,15,256

That means a Whopping Increase of 84.77% as compared to 2013-14.

6) Direct Tax to GDP Ratio:

13-14.     5.62%

14-15.     5.55%

15-16.     5.47%

16-17.     5.57%

17-18.     5.98%

In short,

1)India is becoming more Tax Compliant.

2) India is Slowly starting to follow Financial Discipline.

3) More and More Informal Sectors are coming into the Formal Organised sectors… Increasing Tax Base.

4) With Increased Tax Collection, Govt is getting more funds for those schemes which actually increase Public Welfare.

5) In spite of, spending more on Welfare Schemes like MNREGA, Ujwala, Ujala, Ayushman Bharat etc…. Fiscal Deficit is below 3.3%.

6) With more Tax Collection, Govt is able to spend more on Infrastructure and Defence.

7) Most importantly… GST has helped Govt to Reconcile between Direct and Indirect Tax Payers.

Source: 1) Reports of

                  C&AG of

                 Different Years.

              2) OLTAS/Pr.CCA,

                   CBDT.