Bhubaneswar: The filing of Income Tax Returns(ITR) for the assessment year 2016-17 has increased by 24.7% .

According to Central Board of Direct Taxes(CBDT) sources, the number of returns filed as on 05.08.2017 stands at 2,82,92,955 as against 2,26,97,843 filed for the assessment year 2015-16. The growth registed is 24.7% compared to 9.9% in the previous year. The growth in returns filed by Individuals is 25.3% with 2,79,39,083 returns having been received upto 05.08.2017 as against 2,22,92,864 returns for the assessment year 2015-16.

The Advance Tax collections of Personal Income Tax ( other than corporate tax) as on 05.08.2017 showed a growth of about 41.79% over the assessment year 2015-16. Similarly, Personal Income Tax under Self Assessment Tax (SAT) grew at 34.25% over the previous fiscal.