To take your ideas to Policymakers, Join the Campaign of #PolicyPulse Write to feedback@policypulse.com

94 pc I-T returns filed online in FY16

E-payment for central excise and service tax refunds are also in place, finance ministry statement says

Policy Pulse
Publish Date: May 6 2016 6:41PM | Updated Date: May 6 2016 6:41PM

94 pc I-T returns filed online in FY16

 Income Tax department issued 2.10 crore refunds to the tune Rs.1,22,425 crore in 2015-16, 94 percent of which were filed online, the government said in New Delhion Friday.

 
“In FY 2015-16, 94 percent income tax returns were filed online. 2.1 crore refunds worth Rs.1.22 lakh crore given. Using technology to increase taxpayer friendliness,” Minister of State for Finance Jayant Sinha said in a tweet.
 
“As many as 4.14 crore returns were processed without any human intervention. More than 2.10 crore refunds amounting to Rs.1,22,425 crore were paid in 2015-16 as compared to Rs.1,12,188 crore in 2014-15,” the finance ministry said in a statement.
 
E-payment for central excise and service tax refunds are also in place, the statement said. 
 
“Single Window Interface for Facilitating Trade (SWIFT) acts as a single point interface for over 50 offices of six government agencies for clearance of Exim (export-import) goods,” it said.
 
For indirect tax collections, the GDP ratio for the current fiscal is estimated to touch 5.20 percent as compared to 5.17 percent for 2015-16 and 4.36 percent for 2014-15, it said.