New Delhi, December 1 (IANS). The number of women income taxpayers in the country is increasing rapidly. Income tax returns (ITR) were filed by 2.29 crore women in assessment year 2023-24, while the figure was 1.83 crore in assessment year 2019-20. Thus, the number of ITRs submitted by women has increased by 25 percent in the last five years.
According to Finance Ministry data, the number of women filing ITR in Maharashtra has increased by 23 percent or 6.88 lakh from 29.94 lakh in assessment year 2019-20 to 36.83 lakh in assessment year 2023-24.
In Uttar Pradesh, 15.81 lakh women had filed ITR in the assessment year 2019-20. In the assessment year 2023-24, this number has increased by 29 percent or 4.62 lakh to 20.43 lakh. At the same time, in Gujarat, 22.50 lakh ITRs have been deposited in assessment year 2023-24, 24 percent or 4.41 lakh more as compared to 18.08 lakh figures for assessment year 2019-20.
Maharashtra (36.82 lakh), Gujarat (22.50 lakh), Uttar Pradesh (20.43 lakh), Karnataka (14.30 lakh) and Punjab (13.22 lakh) are in the top five in terms of ITR filing by women in assessment year 2023-24. Were included.
Between assessment year 2019-20 and assessment year 2023-24, the number of ITRs filed by women in Ladakh has increased seven times from 30 to 205. This is the largest increase in any state and union territory during the review period.
Among all the states and union territories of India, Chandigarh is the only one where the number of ITRs submitted by women has decreased from 89,873 to 88,115 from assessment year 2019-20 to assessment year 2023-24.
The total number of ITRs submitted in the country has also increased rapidly. A record 6.77 crore ITRs were submitted in assessment year 2023-24.
In India, it is mandatory to file income tax return for all those individuals whose income exceeds the exemption limit set by the government.
The increase in the number of ITRs shows that people’s income is increasing and the standard of living is improving.
–IANS
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