Only 6.7% Filed ITRs: CoinSwitch Co-founder Explains Why Indians Delay Tax Filing

Only 6.7% of Indians filed income tax returns (ITRs) last year, reveals CoinSwitch co-founder Ashish Singhal, highlighting a major gap in digital tax participation. Despite digital progress, many treat filing as a last-minute emergency. He stressed the need for tools that simplify tax filing and make it a habit, not a chore. While the new tax regime offers more liquidity, financial discipline remains weak. Singhal argued that instead of urgent reminders, infrastructure is needed to integrate tax planning into daily finance. Simplifying the process could improve compliance and strengthen India’s overall financial ecosystem.