New Delhi: Data released by the income tax department revealed that more than 1 crore Income Tax Returns (ITRs) have been filed till June 26. In 2022, 1 crore ITRs were filed till 8th of July. The deadline to file tax returns for income earned in the 2022-23 fiscal is July 31 for salaried taxpayers and those assessees who do not need to get their accounts audited.
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The Income tax department urged all tax payers to file their ITRs early so as to avoid the last-minute rush. People who missed ITR filing deadline will have to pay a maximum penalty of up to Rs 5,000.
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