Bengal circle direct tax collection rises 23.8 percent Bengal circle direct tax collection rises 23.8 percent Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Direct Tax »

Open DEMAT Account in 24 hrs
GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
CBDT weighs overhaul of designations for income tax officials to secure better clarity
Direct tax-GDP ratio at millennial high in FY24
CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
Tax filing: How to choose the right ITR form
Income Tax Return: How to maximise your tax refunds while filing ITR?
Last date for filing income tax return (ITR)


« Direct tax kitty may fall short by Rs 60,000 cr...	Ministry likely to revise budget target of direct tax... »
Bengal circle direct tax collection rises 23.8 percent

February, 25th 2009
Direct tax collection in Bengal circle has increased 23.8 percent to Rs.103.16 billion (Rs.10,316 crore) during the first 10 months of 2008-09, a top tax official said Tuesday. Of this, corporate tax was Rs.70.22 billion, while personal income tax collection stood at Rs.29.54 billion, Chief Income Tax Commissioner T.K. Chatterjee told reporters. The Bengal circle comprises West Bengal, Sikkim and Andaman and Nicobar Islands. Chatterjee said the buoyancy in tax collection this fiscal has followed a 22 percent growth in corporate tax collection and 32 percent in personal income tax collection. Growth in personal tax collection was due to wider applicability of TDS (tax deducted at source), he said. Chatterjee added that TDS collection has seen an upswing of 35.07 percent to reach Rs.37.14 billion in April-December 2008 as against Rs.27.5 billion in the year-ago period. The Tax authorities refunded Rs.13.07 billion to the corporate sector in April-December 2008 compared to Rs.11.48 billion in the corresponding period in 2007. Regarding advance tax payment, Chatterjee said till January the figure was higher at Rs.52.37 billion compared to Rs.48.07 billion in the year ago period.