Income Tax Department Achieves Milestone: 4 Crore ITRs Processed in 15 Days

Revenue Secretary Sanjay Malhotra announced the income tax department processed nearly 4 crore ITRs for AY 2024-25 within 15 days. A total of 7.28 crore returns were filed by the July 31 deadline. The department's digitisation efforts have expedited the processing time significantly.

In a landmark achievement, Revenue Secretary Sanjay Malhotra revealed that the income tax department has processed close to 4 crore income tax returns (ITRs) for the Assessment Year 2024-25 within a span of just 15 days.

Malhotra announced that by the deadline of July 31, 2024, over 7.28 crore ITRs were filed, of which about 4.98 crore have already been processed, and intimations sent to taxpayers. Remarkably, 3.92 crore of these were processed in under 15 days.

Speaking at the 165th Income Tax Day celebration, Malhotra highlighted the department's strides in digitisation, attributing the expedited processing to technological advancements. He also noted a significant rise in direct tax revenues over the last decade, increasing from Rs 5.59 lakh crore to Rs 20 lakh crore, and the tax-to-GDP ratio improving to 6 percent from 5.6 percent.

(With inputs from agencies.)