Tax compliance in India has improved: more than 28.2 million taxpayers filed their tax returns for the 2016-17 financial year before the extended deadline of August 5 — a 24.7% increase over the previous year, the Federal Board of Direct Taxes announced. Though the deadline for filing returns is over, taxpayers can file returns for FY17 till 31 December, after paying a penalty of $78.
Live Mint reports that the number of individual filers rose 25.3% in the April-August tax period of 2017-18 to 27.9 million, the Federal board of Direct Taxes said. The amount of advance personal tax collected during the period also surged 42% over the same period of last year.
“Part of the growth in returns filed can be attributed to the demonetization exercise. Those who have made cash deposits in banks after demonetization may be among those who have newly come into the category of return filers,” said Amit Maheshwari, partner, Ashok Maheshwary and Associates Llp.
Last updated: December 26th, 2025
