In A New Record, Rs 10.03 Lakh Crore Collected As Income Tax In 2017-18

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.