The Northwest region of Income Tax Department has made a record tax collection. Around Rs 5,188 crore have been collected in the region which includes Chandigarh, Punjab, Haryana, Himachal Pradesh and Jammu & Kashmir.
According to Jaspal Singh, Chandigarh Income Tax Chief Commissioner, this years tax collection is 44.13% times higher than previous years total tax collection which was Rs 4,532 crore.
A collection of Rs 2335 crore was made from Ludhiana Income Tax Chief Commissioners region; whereas from Amritsar region Rs 1,963 crore; Rs 10,801 crore from Panchkula region; Rs 486 crore from Shimla region; The total budget collection during 2011-12 is around RS 21,027 crore.
The IT Department also made a refund of Rs 3310 crore. The top corporate tax payers in the region include NHPC, Jindal Steel & Powers Ltd and State Bank of Patiala. The non-corporate tax payers include Haryana Urban Development Authority, Sun Pharmaceuticals, Gurgaon Bank.