164th Income Tax Day: FM Nirmala Sitharaman Likely to Join the Celebration of The Day On 24th July

On the Occasion of the 164th Income Tax Day, Finance Minister: Nirmala Sithraman will join the celebration in Delhi…

New Delhi: Finance Minister Nirmal Sithraman, on the occasion of the income tax day celebration, will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on 24th July 2023. The function will likely take place at 6: 00 PM today.

Income Tax Day is celebrated every year on the 24th of July to tell the importance of Income tax filing. This day aims to encourage more and more people to pay taxes on time for the nation's development.

"On Monday, the Ministry of Finance tweeted that the 164th Income Tax Day celebrations will be chaired by Smt. Nirmala Sitharaman, the Union Finance Minister, in the company of Shri Mahendra Pratap Chaudhary, the Union Minister of State for Finance. The event is scheduled for tomorrow, 24th July 2023, commencing from 18:00 Hours IST at Plenary Hall, Vigyan Bhawan, New Delhi."

As of July 18, 2023, India's income tax department has received and processed over three crore income tax returns (ITRs) for the fiscal year 2022-23. An impressive 91% of these ITRs were filed electronically. Among them, more than 1.5 crore ITRs were successfully processed after being e-verified. 

Notably, this significant achievement was reached seven days ahead of the previous year's timeline, as announced by the department on Twitter.

As of Wednesday, the income tax department has received and processed over 3 crore income tax returns (ITRs) for the fiscal year 2022-23. Among these, an impressive 91% have been electronically verified. 

Out of the 3.06 crore ITRs filed until July 18, 2023, more than 2.81 crore ITRs have undergone e-verification, representing more than 91% of the total filings. Furthermore, out of the e-verified ITRs, more than 1.50 crore have already been successfully processed.

It's worth noting that this year, the milestone of 3 crore ITR filings has been achieved seven days earlier than in previous years, as highlighted in the tweet from the income tax department.

Also Read: Why It's Important to File Your ITR On Time: Benefits & Drawbacks