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I-T collections rise 40% in West Bengal
September, 20th 2006
The Income Tax (I-T) department has notched up a 40% jump in total direct tax collections in West Bengal during April-August 06 at nearly Rs 2,237 crore (Rs 1,598 crore). The states annual direct tax collections target for financial year 06-07 is pegged at Rs 9,897 crore, which will be 30% higher than total direct tax collections in 05-06 which had stood at Rs 7,602 crore. The states direct tax collection numbers were disclosed by DK Das, chief commissioner of Income Tax (Kolkata-I), on Tuesday on the sidelines of an interactive session organised by Merchants Chamber of Commerce. The I-T department has already achieved a 40% increase in total direct tax collections in the West Bengal circle during April-August 06, which is higher than the 36% estimated growth target during this period, said Mr Das. Interestingly, nearly 67% of the PAN-holders in West Bengal filed their I-T returns, which is higher than the national level of 63%. For instance, of the 33 lakh PAN card holders in the state, 25 lakh were registered assessees and 22 lakh actually filed their returns in 05-06, said Mr Das.
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