25% growth in number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41%
The target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now, a top income-tax official said.
"As on date, we have collected nearly Rs 29,000 crore. Tax collections have gone up by around 13 per cent this year and we can achieve the target, principal chief commissioner of income-tax for West Bengal & Sikkim, K L Maheshwari said.
In the corresponding period of the last fiscal, I-T collections had been Rs 25,500 crore against a target of Rs 35,500 crore for 2016-17, Maheshwari said.
However, there had been a decline in the share of TDS or tax deductions at source in overall collections due to centralisation of TAN or tax deduction and collection account number by banks.
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