India marked a record of 9.19 crore Income Tax Returns (ITR) filing for FY 2024–25 as on 31st March, 2025, an increase of 8% from the 8.52 crore received last year.
This increase is an indicator of more individuals embracing tax liabilities, partly due to chartered accountants (CAs) explaining the rules and staying on track. The increase in submissions indicates an ever-more organized economy, with online goods and simple policies leading the way.
Of the total returns, 8.64 crore ITR filing were e-verified online, attesting to the success of the e-filing process. Refunds amounting to ₹4,35,008 crore were sent out, Maharashtra leading with 1.39 crore filers and Delhi coming second at 44.66 lakh. Additionally, 3.24 lakh individuals reported incomes above ₹1 crore, including 26,981 who reported over ₹5 crore. CAs have taken on key roles in handling these varied financial situations.
Chartered accountants have been present to guide taxpayers through the generally bewildering realm of tax regulations. They describe instruments such as the Annual Information Statement (AIS) and Form 26AS, which assist in verifying incomes, and offer advice on deductions and exemptions so that individuals can file confidently.
Some modifications were introduced this year in the taxation regulations, such as additional slabs under simplified taxation, providing salaried persons with income up to ₹12 lakh with a rebate of ₹60,000. Additional exemptions were made available to senior citizens—₹3 lakh to individuals above 60 years of age and ₹5 lakh to individuals above 80 years of age. CAs assisted tax payers in making a choice between the new and old regimes by highlighting deductions such as tax deductibles for health insurance or interest income to alleviate the burden.
For companies, CAs ensured all fell into place with new regulations, such as revised TDS rates and a fresh ITR-B form for individuals who handle tax searches. They’ve handled complicated forms such as ITR-2 and ITR-3 for items such as capital gains or independent services, particularly since the tax department began comparing returns to the previous years from April 1, 2025.
Filing has become simpler with technology, pre-filled ITR forms reducing paperwork, but CAs verify every detail piece nonetheless. They also link bank accounts with PANs, and hence refunds—which otherwise take four to five weeks—go without a hitch. Their combination of technical expertise and subject matter expertise has benefited millions.
Even more small businesses are moving to the easier tax systems under Sections 44AD and 44ADA, and CAs have guided owners and professionals through the options. Their efforts have propelled filings from FY 2022–23’s 7.78 crore to this year’s 9.19 crore.
This is a landmark that depicts a financial system that’s getting stronger, led by chartered accountants. By streamlining complex rules, making use of digitalization, and keeping compliance in check, they’ve got more individuals into the tax system and facilitated India’s economic growth.