I-T collection breaches Rs 10 lakh crore

Guwahati, August 17

Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) said on Friday.

Addressing a two-day conference of Income Tax Administrators of Eastern Zone here, Shabri Bhattasali, Member of CBDT said 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.

LC Joshi Ranee, Principal Chief Commissioner of Income Tax, North-Eastern Region said  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.

New offices are being opened in far-flung areas to deliver taxpayer services, he added. — PTI