Business Daily from THE HINDU group of publications
Wednesday, Apr 11, 2007
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Business Daily from THE HINDU group of publications Wednesday, Apr 11, 2007 ePaper |
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Industry & Economy
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Income Tax States - Maharashtra I-T collection in Pune region records 34% growth Our Bureau
More revenue The target set for the year was Rs 8,400 crore in the beginning, which was revised to Rs 8,700 crore. The tax collection from this region is estimated to cross Rs 9,000 crore, as the final collections report comes in.
Pune April 10 Income-tax collection from the Pune region has exceeded even the revised target and has recorded an overall growth of 34 per cent for the year ended March 2007. This is the first time that the Pune region has exceeded the target. Talking to presspersons, Mr Santosh Datta, Chief Commissioner of Income-Tax, said the target that had been set for the year was Rs 8,400 crore, which was revised to Rs 8,700 crore. But the Pune region has, so far (as of April 5, 2007), collected revenues to the tune of Rs 8,970 crore. He said the tax collection from this region was estimated to cross Rs 9,000 crore, as the final collections report was yet to come in.
Top Five
Mr Datta said the corporate tax accounted for Rs 2,964 crore and income-tax stood at Rs 3,545 crore and other taxes were Rs 195 crore as on March 2007. This showed an increase of 29.49 per cent in the corporate taxes, 37.69 per cent in income-tax and an overall growth of 33.82 per cent, he said. Taking an account of the top five corporate income-tax payees as advance tax, he said Bank of Maharashtra has paid Rs 125 crore, Cummins India Ltd (Rs 108 crore); Bharat Forge Ltd (Rs 101 crore); Thermax Ltd (Rs 100 crore); and Piaggio Vehicles Pvt Ltd (Rs 67.2 crore). This he noted was about 67.5 per cent, 48 per cent, 19 per cent, 67 per cent and 37 per cent higher respectively than what was handed over during the year ended March 2006.
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