I-T department processes about 4 crore ITRs in 15 days

The Revenue Secretary announced that the income tax department processed almost 4 crore income tax returns for AY 2024-25 within 15 days. By July-end, 7.28 crore returns had been filed, with 4.98 crore processed. Over the last decade, direct tax revenues increased to Rs 20 lakh crore, and the tax-to-GDP ratio rose to 6 percent.