Hey All,
Let me start this post with some statistic where till date there has been 5 Crore+ i.e. 50+ Million Income Tax Returns has been filed. And just for your information FYI.., if you are an Indian resident, you need to file your ITR by 15th September 2025. This is the last date to file, after that, there will be penalties, late fees, and possible interest charges for delayed filing. To avoid unnecessary complications, it’s best to complete the process before the deadline. So get going if you have not filed the ITR till date. Coming to another stats around the people filing ITR in the last three years here are the apprxomated numbers and I think this year we will surpass 120+ Million that is my wild guess but we will see it later. For now check on the last 3 fiscal years numbers for ITR filing...
ITR Filing Statistics in India (Past 3 Fiscal Years)
| Fiscal Year (FY) | Total ITRs Filed (Crore) | Total ITRs Filed (Million) |
|---|---|---|
| FY 2022-23 | 7.78 crore | 77.8 million |
| FY 2023-24 | 8.52 crore | 85.2 million |
| FY 2024-25 | 9.19 crore | 91.9 million |
Source: LiveMint Report
So overall we can see the number of folks filing ITRs is increasing expenentially. In the past three fiscal years, ITR filings in India rose from 7.78 crore in FY 2022-23 to 9.19 crore in FY 2024-25. This reflects a steady year-on-year growth in tax compliance, which is a a healthy sign for the country’s economy overall. Now coming to the REFUND part which is more intresting to talk about. Here is the snapshot that I took from the mail that I recevied from cpc.incometax.gov.in indicating my ITR Intimation and refund processed.
History MADE - I got my REFUND in Just ONE Day...
So, what was the extra step I took that made my refund arrive so quickly? Well to be honest, I did not do anything special. I simply followed the guide lines and ensured that all the details entered while filing the ITR are accurate. I also ensured there were no errors, and any that appeared were rectified before submitting the application. And yes, one thing that was entirely different this time was that I chose the new tax regime for filing my ITR, whereas my Form 16 had been generated under the old tax regime. By default, the Income Tax portal sets the new regime while filing. It doesn’t matter if your Form 16 is based on the old regime, because at the time of filing, it’s up to the individual to choose between the old or new tax regime. This was the only different step I had taken and the rest I simply followed the standard guidelines. To my surprise, the very next day my refund was credited to my bank account which is like HISTORY made to me. And at the same time an experience that was both shocking and pleasantly satisfying... Well I guess this should be it for todays post on - "India - Income Tax Return Filing FY 2025-26 - History MADE - I got my REFUND in Just ONE Day..." Just be cautious the deadline to file the ITR is approacing we are just left with three more days to file the ITR.. so hurry up incase you havent filed your ITR... Happy Tax filing... Cheers
India - Income Tax Return Filing FY 2025-26 - History MADE - I got my REFUND in Just ONE Day...
#tax #income #incometax #india #taxfiling #incometaxfiling #utility #incometaxgov
Have Your Say on Incometax filing fiscal Year 2025-206
Are you done with your incometax filing for this Year? Online Vs Offline? Did you explore the desktop utility for you tax filing. Did you get your Refund for 2025-26. Let me know your views in the comment section below..cheers
Image Courtesy:: incometax,
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects...