Bengal tax mop-up on the rise Bengal tax mop-up on the rise 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

« Top Headlines »

Open DEMAT Account in 24 hrs
Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
Tax audit deadline September 30: Common mistakes taxpayers should avoid
Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money


« Govt approves tax exemption for 173 industrial parks...	Nail CA firms too for fraud: Experts... »
Bengal tax mop-up on the rise

February, 25th 2009
Income tax collection (net of refund) in the Bengal circle, which includes Sikkim and the Andaman and Nicobar islands, has gone up 23.8 per cent to Rs 10,316 crore till the end of January in the current fiscal. Income tax collection in the circle has trebled in the last five years, chief commissioner T. K. Chatterjee said. The growth in tax collection in the current financial year so far came on the back of a 22 per cent increase in corporate tax collection and a 32 per cent growth in personal income tax collection, he said. Companies paid Rs 7,022 crore tax on their profit earnings in the first 10 months of the current fiscal, an increase of 22 per cent over the year-ago period. We made a tax refund of Rs 1,307 crore to the corporate sector till December 2008 compared with Rs 1,148 crore in the previous corresponding period, Chatterjee said. He said personal income tax collection in the current fiscal so far had grown 32 per cent to Rs 2,954 crore. The primary reason for this is wider applicability of TDS (tax deducted at source), Chatterjee said. TDS collection rose 35.07 per cent to Rs 3,714 crore against Rs 2,750 crore in the same period in 2007-08. However, tax refunds to individual income tax-payers were lower at Rs 234 crore against Rs 333 crore in 2007-08. Advance tax payment and tax paid through self-assessment grew significantly. Advance tax payment till January 31, 2009 was higher at Rs 5,237 crore (Rs 4,807 crore), while tax paid under self-assessment was Rs 1,349 crore (Rs 898 crore), the chief commissioner said. The total number of tax-payers in Bengal circle is around 24 lakh and is growing at the rate of 10 per cent every year. But the income tax department is facing a severe shortage of manpower. The sanctioned number of joint and additional commissioners for the Bengal circle is 128. But the number of joint and additional commissioners is only 42. Similarly, the sanctioned number of assistant and deputy commissioners for the circle is 220 while we have only 141 of them working at present, Chatterjee said.