Income Tax collection at record Rs. 10.03 lakh crore: CBDT
What's the story
Income Tax collection in the country stood at a record Rs. 10.03 lakh crore during 2017-18. Addressing a two-day conference of Income Tax Administrators of Eastern Zone in Guwahati, Shabri Bhattasali, Member of CBDT, said that during 2017-18, a record number of 6.92 crore I-T returns were filed, which was 1.31 crore more than 5.61 crore returns filed in 2016-17. Here's more.
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More than 1 crore new IT returns filed during 2017-18
The I-T Department added 1.06 crore new return filers during 2017-18 and aims to add 1.25 crore new filers for the current year. In the North East region, the figure stood at 1.89 lakh, Shabri Bhattasali said.
North-East
Income Tax collection in North Eastern Region rises 16.7%
LC Joshi Ranee, Principal Chief Commissioner of Income Tax, North Eastern Region said that Rs, 7,097 crore tax was collected from the region during 2017-18. This is 16.7% higher than Rs. 6,082 crore collected in the preceding year, Ranee said. He said the target in the region for 2018-19 has been fixed at Rs. 8,357 crore, 17.75% more than last year's collection.