Income Tax

Income Tax Return ITR Statistics Assessment Year 2012-13 by Income Tax Department

Income Tax Department Income Tax Return Statistics/Analysis Assessment Year 2012-13

 Income Tax Department has released Statistics of Income Tax Return for AY 2012-13 for wider use and analysis by Departmental personnel and academicians.

The data has been divided into following categories:

  1. Income Tax Returns – All Taxpayer
  2. Income Tax Returns – Individuals
  3. Income Tax Returns – HUF
  4. Income Tax Returns – Firms
  5. Income Tax Returns – AOP/BOI
  6. Income Tax Returns – Company
  7. Type of Business – Corporate and Non- corporate Taxpayers

Heads of Income-wise Analysis
All the above 1 to 6 categories have further been analysed:

Range of Salary Income
Range of House Property Income
Range of Business Income
Range of Long Term Capital Gains (LTCG)
Range of Short Term Capital Gains (STCG)
Range of Other Sources Income
Range of Interest Income
Range of Brought Forward Loss Set Off
Range of Returned Income
Range of Tax Payable.

Some of the Highlights of the Statistics are as under:
Highest Contributors except zero income under major heads of income are as under:

  Income Range % of ITR % of Net Income
Range of Salary Income >10,00,000 3.49 37.70
Range of House Property Income >10,00,000 0.167 45.56
Range of Business Income >100,00,00,000 0.146 66.84
Range of Interest Income >0 and <=1,50,000 16.95 15.52

The data reveals that tax revenue is heavily dependent on high income groups except for interest income where low income group contributes in a ratio proportionate to ITRs. However we must bear in mind that the data relates to AY 2012-13 which is approx dates back to four years from now during last four years a lot of awareness has been spread by the ITD among common man on the pro and cons of filing ITRS.

It can be hoped that the data for the onward assessment years would show more participation and contribution by the low income groups meaning thereby that the Government has been successful in sensitizing the masses in contributing to the nation by paying their taxes.


Download Full ITR Statistics Assessment Year 2012-13

Share

Recent Posts

  • ICAI

Empanelment of ICAI Exam observer for January 2027 Examinations. Last date: 20.11.2026

Empanelment to act as ICAI exam observers for January 2027 CA Examination. Last date to apply is 20.11.2026 Empanelment of…

5 hours ago
  • GST

No arrest under GST- Major decision of 57th Meeting of GST Council held on 8th October 2026

No arrest under GST- Major decision taken in 57th Meeting of the GST Council on 8th October 2026 PRESS RELEASE…

2 days ago
  • Income Tax

Later SC ruling cannot render an act done in compliance of a court order a statutory default

A subsequent Apex Court ruling on the substantive issue cannot retrospectively make an act done in compliance of a binding…

2 days ago
  • Income Tax

Interest payment on mobilisation advance to NHAI not liable to TDS u/s 194A

Interest payment on mobilisation advance to NHAI not liable for deduction of tax at source u/s 194A - ITAT Interest…

3 days ago
  • Income Tax

Typographical error in turnover accepted during assessment not a mistake apparent from record

Typographical error in turnover declared in ITR was not as a mistake apparent from the record u/s 154 when AO…

5 days ago
  • Income Tax

Plea that assessee was not aware of order cannot be brushed aside in absence of proof of service

Ground taken by assessee that he was not aware of the order cannot be brushed aside so lightly in absence…

5 days ago