Tuesday, June 17, 2025 | 01:30 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Tax mop-up from metros sees double-digit decline; Kolkata worst-hit city

Numbers pose challenges to Centre's Rs 13.2-trn target

tax, taxes
premium

Other tier-1 cities such as Hyderabad, Pune, Chandigarh, and Ahmedabad also saw a massive drop of 30-45 per cent in tax receipts till August 20 this year.

Shrimi Choudhary New Delhi
Direct tax collections are likely to remain muted in the second consecutive quarter of the current fiscal year with most top Indian cities witnessing double-digit contraction in receipts till August 20.

Kolkata emerged the worst-affected metro city, reporting a drop of 60 per cent in the mop up during April-August 20. It was followed by Chennai and Delhi, which saw decline by 41 per cent and 36 per cent, respectively.

Mumbai was, however, one of the least-affected regions, though collection was down there too. Mumbai, which has the highest share of 34 per cent in overall direct tax collections, witnessed