NEW DELHI: Almost 54 lakh revenue tax returns had been filed until 8pm on the final day of submitting ITR for 2021-22 fiscal by salaried people, the I-T division stated on Sunday.
The deadline for submitting I-T returns, by these taxpayers who should not have to get their accounts audited for the fiscal ended on March 31, 2022, is Sunday.
Until July 30, greater than 5.10 crore tax returns had been filed.
Giving statistics of Revenue Tax Returns (ITR) filed on Sunday, the I-T division tweeted: “53,98,348 #ITRs have been filed as much as 2000 hours at this time & 4,95,505 #ITRs filed within the final 1hr.”
Final fiscal (2020-21), about 5.89 crore ITRs had been filed by the prolonged due date of December 31, 2021.
Over the month, the I-T division has been nudging taxpayers to file their ITRs for 2021-22 fiscal to keep away from levy of late charges.
The I-T division additionally requested taxpayers to hunt help concerning ITR submitting by emailing to [email protected]’ or calling assist desk numbers 1800 103 0025 and 1800 419 0025.
In response to tax legal guidelines, a late price of Rs 5,000 could be payable by folks having an annual revenue of over Rs 5 lakh, in the event that they file their ITR by December 31 of the evaluation yr.
People with an annual revenue beneath Rs 5 lakh can be answerable for a late price of Rs 1,000 for delayed return submitting.
Moreover, these having excellent unpaid tax should shell out an extra 1 per cent curiosity per 30 days for delayed submitting.
The late price won’t apply to these taxpayers whose revenue is beneath the taxable restrict.