At Rs 10.03 lakh cr, I-T collection at record high

At Rs 10.03 lakh cr, I-T collection at record high
Highlights

Income Tax collection in the country stood at a record Rs 1003 lakh crore during 201718, the Central Board of Direct Taxes CBDT said on Friday Addressing a twoday conference of Income Tax Administrators of Eastern Zone here, Shabri Bhattasali, Member of CBDT said that during 201718, a record number of 692 crore IT returns were filed, which was 131 crore more than 561 crore returns filed

Guwahati: 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 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.

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