Income Tax collection in Vidarbha up by 38 pc

Nagpur, Apr 3 (UNI) The collection of Income Tax (IT) in Vidarbha, during the financial year just ended, was 38 per cent higher than the previous year, thus registering the highest growth rate in the last 10 years.

Speaking to reporters here today, Chief Commissioner of Income Tax (CCIT), Vidarbha D V Dharmik said according to preliminary estimates, the collection of IT during financial year 2007-2008 was Rs 2,140 crore, higher than Rs 1,550 crore collected in 2006-2007.

Of the total collection in 2007-2008, corporate tax payers had contributed Rs 854 crore, which was 10 per cent more than the previous year's contribution of Rs 777 crore, he said.

Non-corporate assessees had contributed Rs 1,284 crore by way of tax during the fiscal, which was 68 per cent higher than Rs 773 crore the previous year, Mr Dharmik said. The growth rate of 38 per cent compared favourably with the all-India growth rate of 39 per cent registered this year, he said.

Mr Dharmik said the Central Government Officers Institute for Excellence (CGOIE) would host a day-long seminar on 'Search for Excellence' here on April 6. The seminar aims at imparting good governance and modern management skills to the Central government officers, he added.

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