The number of individuals between the age of 18 to 35 years who filed their income tax in the current financial year is 2,09,06,829 and the amount of income tax collected from them is Rs 93,318 crore. The number of individuals below the age of 18 years who filed their income tax in the same period is 4,861 and the amount of income tax collected from them is Rs 6.31 crore. The tax is calculated and collected based on the total income which includes income from various sources, but is not collected separately under different heads.
Filing of Income Tax
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
LOK SABHA
UNSTARRED QUESTION NO. 609
TO BE ANSWERED ON MONDAY, FEBRUARY 06, 2023 /MAGHA 17, 1944 (SAKA)
FILING OF INCOME TAX
- SHRI RAM MOHAN NAIDU KINJARAPU:
SHRI VINCENT H. PALA:
Will the Minister of FINANCE be pleased to state:
(a) the number of persons between the age of 18 to 35 years that have filed income tax in the current financial year;
(b) the amount of income tax collected from the above age category under the heads of income from salary, income from house property, income from profits and gains from business or profession, income from capital gains and income from other sources in the same period;
(c) the number of persons below the age of 18 years that filed income tax in the same period; and
(d) the amount of income tax collected from below 18 age category under the heads of income from salary, income from house property, income from profits and gains from business or profession, income from capital gains and income from other sources during the same period?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)
(a). Total number of Income tax Returns (ITRs) filed by individuals (between age of 18 to 35 years) during FY 2022-23 till 31st January 2023: 2,09,06,829
(b). As per Income-tax Act,1961, tax is calculated and collected based on total income returned in ITR. Total Income includes income from different heads of income such as income from salary, income from house property, income from profit and gains from business or profession, income from capital gains and income from other sources. Tax is not collected separately under different heads. Gross taxes paid as per ITRs filed, before claim of refund: Rs 93,318 crore
(c). Total number of ITR filed by individual (below age of 18 years) during FY 2022-23 till 31st January 2023: 4,861
(d). As per Income-tax Act,1961, tax is calculated and collected based on total income returned in ITR. Total Income includes income from different heads of income such as income from salary, income from house property, income from profit and gains from business or profession, income from capital gains and income from other sources. Tax is not collected separately under different heads. Gross taxes paid as per ITRs filed, before claim of refund: Rs 6.31 crore.
Source: Loksabha