Small states and union territories reminiscent of Mizoram and Jammu & Kashmir noticed a surge in ladies submitting income-tax returns between 2019-20 and 2023-24, an indication of their financial empowerment with Mizoram posting 96% leap in variety of such filers to 2,090 and J&Okay , a 49.2% progress to 1,17,514.
Variety of ladies tax filers up 25.3% in 4 years
Total, variety of ladies filers grew persistently within the final 5 years throughout the nation from 1,83,12,200 (or about 18.31 million) in AY 2019-20 to 2,29,41,987 (about 22.94 million) in AY 2023-24, registering 25.3% leap. The whole variety of ITRs (together with people and corporates) filed in AY 2023-24 have been 7,97,12,145 (or roughly 79.71 million). An evaluation 12 months (AY) signifies precise earnings and tax particulars of the earlier fiscal 12 months.
All north-eastern states barring Assam (7.5%) noticed sturdy double-digit progress in ladies filers within the five-year interval : Mizoram (96%), Nagaland (44.28%), Meghalaya (39.49%), Arunachal Pradesh (36.41%), Manipur (33.17) and Sikkim 39% . Tripura noticed 22.25% progress, a notch under the nationwide common of 25%. In absolute phrases, although, the numbers in such states and UTs remained small. For example, Ladakh noticed large leap of 583% to 205 ladies filers from a low base of 30 ladies 5 years in the past.
An ITR is a prescribed type by way of which an individual intimates particulars of earnings earned and taxes paid on such earnings in a monetary 12 months to the Revenue-Tax Division. The division is regulated by the Central Board of Direct taxes (CBDT), an arm of the Union finance ministry.
Based on the official knowledge, the most important variety of ladies ITRs in absolute phrases got here from Maharashtra with 36,83,457 filers in AY24 registering about 23% progress in 5 years, adopted by Gujarat (22,50,098 with 24.4% progress) and Uttar Pradesh (20,43,794 with 29.2% progress).
Comparable progress tendencies have been recorded in different main states. The variety of ladies ITR filers jumped by over 20% in Tamil Nadu from 12,92,028 in AY20 to fifteen,51,769 in AY24. Karnataka noticed 20% leap from 11,34,903 to 14,30,345, Punjab by 36.23% from 9,70,801 in AY20 to 13,22,580 AY24 and Rajasthan by 25.49% to 13,52,202.