Tax assortment declines 22.5% until September 15


Mumbai, September 16

Total tax assortment of the Centre, together with advance tax assortment for the second quarter, fell 22.5% to Rs 2,53,532.Three crore until September 15 of the present fiscal as in comparison with the year-ago interval, in line with an earnings tax division supply. The supply shared some particulars concerning the provisional knowledge.

During the identical interval ended September 15, 2019, whole tax assortment stood at Rs 3,27,320.2 crore, the earnings tax division supply from Mumbai zone stated over the telephone on Wednesday.

Rs 2,46,131 cr mopped up

  • During the identical interval ended September 15, 2019, whole tax assortment stood at Rs3,27,320.2 crore
  • During the primary quarter ended June, gross tax assortment fell 31% pushed down by a large 76% plunge prematurely tax mop-up
  • Of the overall assortment until September 15, private earnings tax on the nationwide degree stood at Rs1,47,004.6 crore and company tax at Rs99,126.2 crore

However, the supply refused to share the advance tax numbers individually for the present quarter.

During the primary quarter ended June, gross tax assortment fell 31% pushed down by a large 76% plunge prematurely tax mop-up, because the nation was in a full lockdown because of the pandemic.

Of the overall assortment until September 15, when taxpayers, each people and firms, are imagined to pay advance tax for the quarter, private earnings tax on the nationwide degree stood at Rs 1,47,004.6 crore and company tax at Rs 99,126.2 crore, totalling the 2 main elements of the tax income at Rs 2,46,130.eight crore, the supply stated.

The whole assortment fell 22.5%, led by a 13.9% dip in assortment from Mumbai, which is the most important tax base, contributing to greater than a 3rd of the nationwide assortment.

The megapolis nonetheless continues to be the most-affected area by the pandemic.

Total assortment from the nation’s monetary capital fell to Rs 74,789.6 crore, down 13.9% year-on-year (y-o-y), the supply stated however refused to share advance tax numbers for the quarter.

Of the overall mop-up from Mumbai, whole private earnings tax until September 15, stood at Rs 34,808.eight crore and company tax was at Rs 32,921.2 crore. — PTI



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