The Income-Tax department's Patna region, comprising Bihar and Jharkhand, has achieved the highest growth rate in collection of income-tax and corporate tax in the first half of current fiscal year. A net growth of 26.8% was achieved by the department's Patna region between April and September of the current financial year compared to the corresponding period of the preceding year.
During these six months, over Rs 3,322.5 crore has been collected as income-tax and corporate tax, against over Rs 2,619.5 crore in the same period last year, said a department official on the condition of not being identified. This achievement is highly commendable and reflects the committed efforts of departmental personnel as well as the vibrant economic activities in Bihar, he added.
This is the highest growth rate among all regions in the country, and is substantially higher than the average national growth of 12.5%, he added. The total revenue collection of this region had grown from Rs 4,263.7 crore in FY 2010-11 to Rs 5,132.3 crore in FY 2011-12.