Over 76 lakh new assessees added between AY'12-13, AY'14-15

Over 76 lakh new assessees have started filing income tax returns between Assessment Years 2012-13 and 2014-15, pushing up the total number of individual return filers to over 3.65 crore.

As per the Income Tax Return Statistics released by CBDT, 2.89 crore individuals filed I-T returns during AY 2012-13, which went up to 3.35 crore in AY 2013-14 and further to 3.65 crore in AY 2014-15.

Of the 3.65 crore individuals who filed returns in AY 2014-15, 1.95 crore individuals have shown nil salary income.

The remaining 1.70 crore individuals have shown a cumulative salary income of over Rs 9.79 lakh crore.
 

During AY 2013-14 and AY 2012-13, the cumulative salary income disclosed by individual tax payers stood at Rs 8.33 lakh crore and Rs 6.26 lakh crore respectively.

The data for AY 2014-15 showed that bulk of the individual assessees or 35.39 lakh who filed tax return earned an annual salary ranging from Rs 5.50-9.50 lakh.

As many as 30.98 lakh assessees with salary income between Rs 2.50-3.50 lakh have filed return during AY 2014-15. While 54,921 assessees have reported salary between Rs 50 lakh to Rs 1 crore.

There were 10 individuals who earned salary income in the range of Rs 50-100 crore, only two individuals have earned over Rs 100 crore.

Chief Economic Advisor Arvind Subramanian said the release of I-T statistics data reflect government's "continuing commitment to transparency".