New Delhi, Aug. 12 -- The total income tax liability of entities filing income tax return (ITR) Form 7 rose nearly threefold to Rs.1,043 crore in Assessment Year (AY) 2025-26, from Rs.356 crore in AY 2021-22, according to data presented by the government in Parliament on Tuesday.

The figures were disclosed by Minister of State for Finance Pankaj Chaudhary in a written reply in the Rajya Sabha. The data covers entities that file their returns through ITR-7, a form used by certain trusts, political parties, research institutions, universities and other specified entities.

The tax liability stood at Rs.356 crore in AY21 and increased to Rs.419 crore in AY23. It then jumped to Rs.816 crore in AY24 before moderating slightly to Rs.781 crore ...