More than 1 crore ITRs filed till June 26: I-T Dept

New Delhi, The income tax department on Tuesday said over 1 crore ITRs have been filed till June 26, hitting the milestone faster than last year. The last date for filing tax returns for income earned in the 2022-23 fiscal is July 31 for salaried taxpayers and those assessees who do not need to get their accounts audited.

In a tweet, the I-T department said the 1 crore income tax return (ITR) filing milestone reached 12 days early this year compared to the corresponding period in the preceding year.

"Over 1 crore ITRs have been filed till 26th June this year compared to 1 crore ITRs filed till 8th of July last year," it said.




The department also urged taxpayers to file their ITRs early so as to avoid the last-minute rush.

The last date of filing income tax return (ITR) for the financial year 2022-23 (AY 2023-24) is July 31, 2023. Missing this deadline can cost you even if you do not have any taxes to pay. Till FY 2019-20 if a taxpayer missed the ITR filing deadline, the maximum penalty he/she would have had to pay was Rs 10,000.

However, with effect from FY 2020-21 (AY 2021-22), the penalty amount has been reduced by half, i.e., a person filing the belated ITR will have to pay a maximum penalty of up to Rs 5,000.