The I-T department announced on Sunday that over 4.43 crore income tax returns (ITRs) for the 2020-21 fiscal year have been filed, including over 11.68 lakh returns filed on December 25. Up until December 25, 2021, over 2.41 crore ITR-1 and 1.09 crore ITR-4 will be filed for FY2020-21 (Assessment Year 2021-22).
The department tweeted, "A total of 4,43,17,697 #ITRs have been filed up to 25.12.2021, including 11,68,027 #ITRs filed on the day itself."
Simpler ITR Forms 1 (Sahaj) and 4 (Sugam) are available for a large number of small and medium taxpayers.
An individual with an income of up to Rs 50 lakh who receives income from a salary, one house property, or other sources can file a sahaj.
Individuals, HUFs, and firms with a total income of up to Rs 50 lakh and income from business and profession can file ITR-4.
Individuals have until December 31 to file their ITRs under the extended deadline.