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    Rs 4.45 lakh crore tax deductions claimed by individual taxpayers in AY 2018-19

    Synopsis

    Rs 4,45,150 crore was the total deduction availed of by individual assessees in AY 2018-19, while Rs 3,17,845 crore was the total tax paid by them.

    taxGetty Images
    House property and STCG contribute the lowest to total individual income
    The total tax paid by individual assessees was Rs 3.17 lakh crore, while the highest number of returns were filed by those in the up to Rs 2.5 lakh income group, according to the Central Board of Direct Taxes data analysed by ET Wealth.

    Rs 4,45,150 crore was the total deduction availed of by individual assessees in AY 2018-19, while Rs 3,17,845 crore was the total tax paid by them.

    Number of assessees /gross total incomeAnnual incomeNumber of assessees /income after deductionsFall in number of assessees /deduction claimed
    2764 / Rs 71,923 crAbove Rs 10 crore2738/ Rs 71,104 cr26/ Rs 819 cr
    5132/ Rs 34,814 crRs 5– 10 crore5069/ Rs 34,376 cr63/ Rs 438 cr
    89793/ Rs 1,61,142 crRs 1 - 5 crore85895/ Rs 1,55,654 cr3898/ Rs 5,488 cr
    2,09,345/ Rs 1,41,704 crRs 50 lakh – 1 crore1,88,713/ Rs 1,29,680 cr20,632/ Rs 12,024 cr
    52,44,781/ Rs 8,91,314 crRs 10 – 50 lakh38,78,560/ Rs 6,90,733 cr13,66,221/ Rs 2,00,581 cr
    1,47,54,245/ Rs 10,02,382 crRs 5 – 10 lakh97,00,769/ Rs 6,54,188 cr50,53,476/ Rs 3,48,194 cr
    2,72,41,137/ Rs 9,79,043 crRs 2.5 – 5 lakh3,14,50,170/ Rs 10,60,738 cr-42,09,033*/ Rs 81,695 cr*
    75,42,255/ Rs 1,32,577 crUp to Rs 2.5 lakh96,02,493/ Rs 1,73,276 cr-20,60,238*/ Rs 40,699 cr*
    * The negative figures are due to the addition of higher income assessees in the lower tax slabs after availing of deductions.

    Salaried, business biggest income groups
    House property and STCG contribute the lowest to total individual income.

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    47.4% assessees with no salaried income
    Total number of returns filed: 5,52,60,219

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    Most returns filed in Rs 0-2.5 lakh income bracket
    Highest number of returns were filed by those with Rs 0-2.5 lakh of other income.

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    Highest tax by those in Rs 0-2.5 lakh tax range
    These were followed by those in the Rs 10-50 lakh tax bracket.

    12 4

    Source: Income Tax Return Statistics Assessment Year 2018-19. All income categories are for individual assessees only.


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