Insta
In A New Record, Rs 10.03 Lakh Crore Collected As Income Tax In 2017-18
Swarajya Staff
Aug 18, 2018, 03:38 PM | Updated 03:38 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.