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From April 1, 2024, the Income Tax Department enabled the online income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) on the e-filing portal. That means those who have all the details can file their ITRs.
The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal.
Gross tax collected, before adjusting refunds, was 12.67 trillion rupees, about 17.7% higher than last year.
Discover which states have the highest and lowest overall tax burden according to WalletHub's report. New York tops the list with the highest overall tax burden.
Discover the 10 states with the lowest overall tax burden, including Alaska, according to WalletHub's report released Oct. 6.