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Hike in Income Tax collection

By Staff Correspondent
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SHILLONG, July 24 - Income tax collection has witnessed a growth of 5.97 per cent during 2017-18 over the previous fiscal and there were over 30,000 new tax payers during this period filing their returns at the office of the Principal Commissioner, I-T, Shillong.

Speaking to The Assam Tribune here today, the Chief Commissioner of Income Tax, Shillong, Raghubir S Upadhyay, said there has been an overall increase in tax collection and new entities have come under the tax net.

The I-T office celebrated the Income Tax Day today along with the rest of the country. Income tax was first levied as a duty on July 24 in 1860 and so July 24 is observed as the Income Tax Day.

The Principal Commissioner, I-T, Shillong, looks after tax collection in Meghalaya (Khasi-Jaintia Hills), Mizoram, and parts of Assam. One of the biggest tax payers to the office is Oil India Limited, Dibrugarh.

According to official data, the net I-T collection in 2016-17 was Rs 1399.06 crore. This figure jumped to Rs 1,483 crore in 2017-18. Till March this year, there were a total of 2.49 lakh I-T payers.

Out of this figure, 2.38 lakh have already filed their returns and most of them (2.30 lakh) did so electronically. Due to digitisation of the system, most taxes are being paid electronically and office work has become almost paperless.

There are still some infrastructure issues as well as connectivity problems, which would hopefully be addressed in the days to come, Upadhyay said.

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Hike in Income Tax collection

SHILLONG, July 24 - Income tax collection has witnessed a growth of 5.97 per cent during 2017-18 over the previous fiscal and there were over 30,000 new tax payers during this period filing their returns at the office of the Principal Commissioner, I-T, Shillong.

Speaking to The Assam Tribune here today, the Chief Commissioner of Income Tax, Shillong, Raghubir S Upadhyay, said there has been an overall increase in tax collection and new entities have come under the tax net.

The I-T office celebrated the Income Tax Day today along with the rest of the country. Income tax was first levied as a duty on July 24 in 1860 and so July 24 is observed as the Income Tax Day.

The Principal Commissioner, I-T, Shillong, looks after tax collection in Meghalaya (Khasi-Jaintia Hills), Mizoram, and parts of Assam. One of the biggest tax payers to the office is Oil India Limited, Dibrugarh.

According to official data, the net I-T collection in 2016-17 was Rs 1399.06 crore. This figure jumped to Rs 1,483 crore in 2017-18. Till March this year, there were a total of 2.49 lakh I-T payers.

Out of this figure, 2.38 lakh have already filed their returns and most of them (2.30 lakh) did so electronically. Due to digitisation of the system, most taxes are being paid electronically and office work has become almost paperless.

There are still some infrastructure issues as well as connectivity problems, which would hopefully be addressed in the days to come, Upadhyay said.

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