Income tax collection grows at 26.2%, Mumbai zone registers 138% increase

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Only 1 percent Indians pay income tax, shows government data.

Mumbai: Net income tax collection from across India grew at a healthy 26.2 percent to Rs 101,024 crore till June 15 compared to Rs 80,075 crore in the corresponding period last year.
Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138 percent at Rs 22,884 crore from Rs 9,614 crore a year ago, sources at the income tax department here said.
The Mumbai zone contributes over one-third of nationwide direct tax collections.
The New Delhi zone, which is the second largest contributor to the national kitty, registered a 38 percent growth at Rs 11,582 crore during the period, from Rs 8,334 crore a year ago.
The Kolkata zone has also done well with net revenue collection increasing 7 percent to Rs 4,084 crore from Rs 3,815 crore a year ago, sources said.
Similarly, the Bengaluru zone mopped up Rs 14,923 crore from Rs 13,973 crore, which is a growth of 6.8 percent.
However, net revenue collection from the Chennai zone saw a decline during the period with mop-up slipping to Rs 8,591 crore from Rs 8,986 crore a year ago.
Pune’s net revenue collection rose 19 percent at Rs 6,163 crore during the period, whereas Thane’s revenue was up by 11 percent.

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