56 % of India’s late income tax filers are below 30
16 Jul 2012
Fifty-six per cent of late income tax filers in India are below 30 years of age, only 17 per cent of people above the age of 36 years file their returns late, revels ''India Tax Ratio 2012'' report conducted by TaxSpanner, India's largest website for filing income tax, .
While 50 per cent of Indians file their taxes in the last month of July, around 46 per cent of salaried employees file their taxes in the last week of July. 41 per cent of men file their returns late compared to 46 per cent of women who are late filers.
Bangalore leads 39 per cent of those who file their returns late, followed by NCR with 24 per cent. On the other hand, people from Hyderabad and Chennai contribute about 9 per cent each to the late filers
The report reveals that while 45 per cent of those who file their returns in Bangalore file their returns after 3rd week of July, only 39 per cent of the return filers in NCR region file their returns after the third week of July.
Late filing does not reflect complexity in the financials of the late filers. Around 96 per cent of late filers had no other income except salary.''
Says Ankur Sharma, CEO, TaxSpanner, ''As part of the company's commitment to creating awareness about the e-filing process, TaxSpanner recently launched the ''Tax Back Offer" wherein one lucky ITR will be selected every week, and the selected person will get the entire income tax money back, which he/she has paid during FY2011-12.The offer provides a real incentive to people to file their ITR early and avoid the last minute rush. "
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