Saturday, December 14, 2024
spot_img

NE registers 28% growth in Income Tax collection

Date:

Share post:

spot_img
spot_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_img
spot_img

Related articles

Sikkim CM takes stock of preparedness of Maghey Mela

Gangtok, Dec 13:  Sikkim Chief Minister Prem Singh Tamang chaired a meeting for the celebration of the upcoming...

Economic and digital corridors to maritime connectivity, India and Italy building vision for future, says Italian Ambassador

New Delhi, Dec 13: India and Italy continue to work towards enhancing collaboration in maritime and land infrastructure...

3 Cong MDCs withdraw support to NPP-led KHDF in KHADC

  Shillong, Dec 14: The three Congress MDCs on Friday finally withdrew support from the NPP led Khasi Hills...

India has become world’s 3rd largest domestic aviation hub in last 10 years: Union Minister

Kolkata, Dec 13: Civil Aviation Minister Kinjarapu Rammohan Naidu on Friday said that in the last 10 years,...