As many as 4.98 crore salaried taxpayers filed their returns in Assessment Year (AY) 2017-18, according to the Income Tax Department’s tax data released recently. The figure was 4.94 crore for AY 2016-17.
Salaried professionals contributed a total of ₹15.94 lakh crore in AY 2017-18 -- about 14% higher than the previous year.
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The biggest chunk of income tax returns filers, about 53%, declared their annual taxable income to be 0. This percentage is not included in the below calculation.