Highest tax growth reported in Pune region

Based on a Times of India news report, Pune had the highest net direct tax collection zone in India from April 2017 till mid-January this year. The country comprises of 18 zones in total. Bengaluru, Mumbai, Delhi and Hyderabad are other significant zones. Pune accounts for all places in Maharashtra, except districts in Vidarbha and Mumbai. The region has accounted for 24% growth, while the national average is 18%.

A C Shukla, Principal Chief Commissioner of income tax informed, “With the economic growth being 6%, the state has managed to achieve 75% as against the national average of 69%. The credit goes to the fear of law and not the law enforcement agency. People who do not disclose their income are being dealt with to ensure that income of the state is accounted.”

The Indian Express reported that Pune has successfully collected 100% taxes. The total amount received was Rs 13,143. The growth of personal tax has been 12.81%, Rs 5,312 crore this financial year. 9, 846.19 crore in corporate tax was collected.

“The results of 220 surveys conducted by the income tax department state that undisclosed income has been Rs 500 crore in the region,” Shukla added.

Tags: Indian Express, TOI

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