Legal · Education & Skilling

Income Tax Department reduced PhysicsWallah's tax demand by over Rs 70 crore after rectification.

By Startup Enthusiast · 15 April 2026

What they do

PhysicsWallah offers live courses for JEE, NEET, Class 6-12, and 35+ exam categories

The Income Tax Department cut its tax demand from ₹263.34 crore to ₹192.76 crore after a rectification application

The company has appealed the remaining demand and says it will not materially impact its finances

The Income Tax Department reduced PhysicsWallah's tax demand by over ₹70 crore after the company filed a rectification application under Section 154.
The original tax demand was ₹263.34 crore under Section 143(3) for the assessment year 2023-24.
The revised tax demand after rectification is ₹192.76 crore.
The rectification order was issued on 13 April 2026 by the Assistant Commissioner of Income Tax, Noida.
PhysicsWallah has filed an appeal before the Commissioner of Income Tax (Appeals) challenging the remaining demand.
The company says it has strong legal and factual grounds to challenge the remaining demand.
PhysicsWallah states the dispute will not materially impact its financial position, operations, or business activities.

The tax demand reduction follows a rectification application under Section 154 of the Income Tax Act.
The company is actively contesting the remaining demand through an appeal.
PhysicsWallah's statement indicates confidence that the dispute will not affect its business.

PhysicsWallah offers live courses for JEE, NEET, Class 6-12, NCERT solutions, and competitive exams like IIT JEE, NEET, ESE, GATE, AE/JE, Olympiad, IAS UPSC, and State PSC.
It covers school boards such as CBSE, ICSE, and state boards.
It prepares students for government exams including Judiciary, SSC, Defence, and Banking.
It offers UG/PG entrance courses for MBA, IPMAT, IIT JAM, LAW, CUET, and UGC NET.
It provides finance courses for CA, CS, and CFA.
It has a PW Skills division for digital marketing, web development, AI-ML, and data science.
It offers semester prep, study abroad courses (IELTS, TOEFL), and other courses like Agriculture, Chessmate, and Spoken English.
PhysicsWallah has 100+ offline centres (Vidyapeeth and Pathshala) in 175+ cities.
The platform claims 10 million+ tests, sample papers & notes, and millions of happy students.
It has an international presence in Gulf countries (Oman, UAE, Malaysia, Kuwait, Qatar, Saudi Arabia, Bahrain), Africa (Uganda, Nigeria, Tanzania), and Singapore.

PhysicsWallah has filed an appeal before the Commissioner of Income Tax (Appeals) challenging the remaining tax demand.
The company says it will continue to contest the demand on strong legal and factual grounds.