Also, the days required for issuing income tax returns over the day of the day of 2013 have decreased by 5 percent.
Until 1-14-1-14, the last year of the UPA rule, the return on the Income Tax Department was Rs 83,8,8 crore. At the end of 224-5, in the 7th year of the ongoing NDA rule, the return was Rs 77.7777 lakh crore and during this period, 4744 percent increased.
The total direct tax collection increased by 274 per cent to 2244-25 Rs 27.03 lakh crore and Rs 7.22 lakh crore till 2013-14.
IT returns have increased by 333 percent from the Since. A total of 8.8 crore ITRs were filed in 2013, which has increased to 89.89 CRORE crore in 224.
Sources said that this is due to the improvement of the tax administration in the day of taxation and the decline in paying the tax return, especially the adoption of digital infrastructure enables end-to-end online fileing and faster and accurate processes of ITR. Introduction of pre-filled returns, automation in the return process, real-time TDs Ments Dusstments and online grievance redressal mechanisms reduced delays and improved taxpayers’ experience. As a result of the total direct tax rate, the refunds have increased to 8.6..6 percent compared to 124-5.
Sources said that the increase in the return of the total tax is a reflection of the increased formalization and voluntary participation in the tax system.
He said, “As the basis of taxpayers extends tax payments and the TDS system is increasing deeply, the return becomes more common. The increasing volume and contribution of return is not only statistical trend but also a meaningful signal of systemic maturity,” he said.
This shows that the tax system of India is now strongly aligned with the principles of efficiency, transparency and taxpayer facilities.
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