Friday, July 11, 2025
spot_img

NE registers 28% growth in Income Tax collection

Date:

Share post:

spot_imgspot_img

 

GUWAHATI: Northeast region has witnessed 28 per cent growth in tax collections till June 30 this year over the corresponding period of financial year 2017-18, which is second highest  in the country after Delhi.

“During the current financial year, the department in NER has also collected Rs. 1,564 crores out of budget target of Rs. 8,357 crores,” said L C Joshi Ranee, Principal Chief Commissioner of Income Tax, NER during the celebration of 158thIncome Tax Day at Guwahati on  Tuesday.

Joshi said that the net collection in the region during the financial year 2017-18 has risen to Rs. 7,097 crores. India has collected more than Rs. 10 Lakh crore as tax in the last fiscal year, and this year the target is Rs. 11 Lakh 50 Thousand crore.

“ Revenue is the backbone of administration and taxpayers help in the progress of the country by paying tax. For the development of the country resources are required and Income Tax is providing it. Income Tax Department is fulfilling its target year by year,” Joshi said adding  it is every individual’s duty to contribute for the development of the country. “If anyone is paying tax it comes back to him, as the money is used by the government for the welfare of the people of the country,” he added and also  call upon  every tax payer to avail the benefits of the service of online applications like AaykarSetu which helps taxpayers to get any information and services needed.

The Principal Chief Commissioner of Income Tax, NER, felicitated top three tax payers in the category of Non-Corporate, Corporate (both PSUs and Non-PSUs) of North Eastern Region for the financial year 2016-17.  Under the category of PSUs Numaligarh Refinary Limited, Oil India Limited and North Eastern Electric Power Corporation Limited(NEEPCO) were felicitated as the top three tax payers respectively. In the Non-PSU sector Greenply Industries Limited, Lafarge Umium Mining Private Limited and Star Cement Meghalaya Limited were felicitated as top three tax payers.

 

spot_imgspot_img

Related articles

Djokovic one step closer to title

London, July 10: Novak Djokovic’s search for his personal Holy Grail – a 25th Grand Slam title and...

After routing Real Madrid, PSG eye Chelsea and historic quadruple

East Rutherford, July 10: Wearing their blue, red and white jerseys, Paris Saint-Germain supporters were surrounded by white...

Belinda Bencic storms into semis

London, July 9: Returning to the circuit after the birth of her child, Belinda Bencic continued with her...

Asia Cup in doubt after India, Lanka refuse to attend ACC meeting

Mumbai, July 10: The Asia Cup cricket tournament plunged into further doubt and chaos after India and Sri...