Income Tax Return Filings Rise To Record High Of 5.65 crore; 49 Lakh Returns Filed On Last Day

The Income Tax department has made history with a quantum jump in the e-filing of Income–Tax Returns (ITRs) with an all time high record of 49 lakh 29 thousand and 121 ITRs filed in a single day on 31 August 2019, an official statement said on Sunday (1 September).

According to the Central Board of Direct Taxes (CBDT), the peak filing rate per second was at 196 ITRs and peak filing rate per minute was at 7447 ITRs.

The CBDT data showed that more than 5.65 crore returns were filed till 31 August 2019, marking a 4 per cent increase in the filings from the 5.42 crore returns filed in 2018-2019.

Filing of tax returns surged 41 per cent on the last date to 49 lakh filings in assessment year 2019-20 from the previous year as the department offered pre-filled forms as well as guidance to taxpayers through social media, CBDT said, reports LiveMint.

The CBDT said that out of the 5.65 Crore ITRs filed so far, 3.61 Cr have been verified. Of this, nearly 80 per cent or about 2.86 Cr have opted for e-verification, mostly using Aadhaar One Time Password (OTP).