In a new record, Income Tax worth Rs 10.03 lakh crore was collected during 2017-18, the Central Board of Direct Taxes (CBDT) said on Friday (17 August), reports Press Trust of India. A record has also been set when it comes to the number of Income Tax filings.
During a two-day conference of Income Tax Administrators of Eastern Zone in Guwahati, CBDT member Shabri Bhattasali said that 2017-18 also saw a record 6.92 crore Income Tax returns being filed, 1.31 crore more than 5.61 crore returns filed in 2016-17.
Coming to the number of new Income Tax filers, Bhattasali claimed that a total of 1.06 crore new filers were added in 2017-18 and the target is to add 1.25 crore more for 2018-19.
As per Principal Chief Commissioner of Income Tax, North Eastern Region LC Joshi Ranee, Rs 7,097 crore in tax was collected from the northeastern states, which was a 16.7 per cent growth from the collection of Rs 6,082 crore. They now target a 17.75 per cent growth over the current figure to net about Rs 8,357 crore for the assessment year 2018-19.
To fulfil its targets and increase the taxpayer base the Income Tax department has opened Aaykar Seva Kendras in 22 out of 29 stations in the northeast.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.