Income Tax collection from Bihar, Jharkhand up 28 pct
March, 29th 2014
The Income Tax collection from the Bihar and Jharkhand regions has registered an impressive growth by 28 per cent in 2013-14, an I-T official said today.
As against the net collection target of Rs 7,448 crore for the 2013-14 financial year, the Income Tax department has already collected Rs 7,222.6 crore after adjustment of refunds from Bihar and Jharkhand region, Principal Chief Commissioner of Income Tax, Patna, R K Rai told reporters.
In percentage terms, the I-T collection from the Bihar and Jharkhand region has grown by 28 per cent as against the corresponding figure of 19.4 per cent in last fiscal, he said.
The advance tax collections from this region has registered an unprecedented growth by 35 per cent this fiscal in comparison to last year, Rai said. The CCL, Ranchi and BCCL, Dhanbad have been the two highest contributers of corporate tax at Rs 751.99 crore and Rs 396.04 crore this year, while in the individual category Team India captain Mahendra Singh Dhoni paid Rs 20 crore I-T to retain his top position for the sixth consecutive year, Rai said.
Rai said that Bihar and Jharkhand region, despite not be a hub of industrial growth, has registered the highest growth rate in collection of corporate and I-T in the country by 28 per cent which, he said, was way ahead of Bhopal (21.7 per cent) and Bangalore (22.3 per cent).
Meanwhile, on the I-T department's drive against the use of black and unaccounted money in the general elections in Bihar, he said that the department was coordinating with other Central and state government agencies to prevent movement of large quantity of cash.
"We have already seized Rs five lakh cash and one kg gold from Bihar and sustained efforts were on to track movement of unaccounted and black money in the Bihar and Jharkhand region as part of the income tax department's contributions to prevent use of money power in the general elections," he said.