65% of registered taxpayers didn't file return

Over 65 percent of registered taxpayers, including individuals and companies, failed to file tax returns by the deadline, according to the National Board of Revenue (NBR).

Currently, the number of registered Taxpayer Identification Number (TIN) holders stands at approximately 1.14 crore.

As of February 16, a total of 39.86 lakh registered taxpayers, including 13,066 companies, have filed their returns, according to NBR data. During the same period last year, the number of returns submitted was 38.29 lakh.

However, the submission of e-returns has increased by 175 percent this fiscal year, reaching 14.31 lakh.

The return filing process began on July 1, with an initial deadline of November 30. However, the deadline was extended three times, finally closing in February.