Published on 20/08/2018 10:45:56 AM | Source: Dion Global Solutions Ltd

Income tax collection stood at Rs 10.03 lakh cr: CBDT

Posted in Economy News| #Economy #Tax #Central Board of Direct Taxes

The Central Board of Direct Taxes (CBDT) has said that Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18. Commenting on the issue, 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. 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, this number was 1.89 lakh, she said. L C 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 per cent higher than Rs 6,082 crore collected in the preceding year, Ranee said.