Gujarat ranks fifth in India in direct tax collection

Category : Gujarat News
Updated On : July 11, 2019 01:50 AM
By Indian Times Daily

When it comes to direct tax collection, Gujarat ranks fifth in India. According to the data tabled in the upper house of the Indian Parliament in response to a question posed by Rajya Sabha MP, Parimal Nathwani, the Centre stated that the direct tax collection in Gujarat stood at Rs 49,021.69 crore in the financial year 2018-19.

The state ranks fifth in terms of direct tax collection in the country in FY 2018-19, when the country’s direct tax collection stood at Rs 11.37 lakh crore.

Gujarat lagged behind Maharashtra which collected Rs 4.25 lakh crore worth of direct taxes followed by Delhi where tax collection stood at Rs 1.66 lakh crore. The other two states which showed higher direct tax collection than Gujarat include Karnataka (Rs 1.19 lakh crore) and Tamil Nadu (Rs 74,238.94 crore).

According to the data, there are 46.10 crore PAN holders in the country as on June 28, 2019, out of which, some 6.31 crore filed income tax returns (ITRs) in the assessment year 2018-19 as on July 3, 2019. Of the total of 2.55 crore PAN holders in Gujarat, 62.27 lakh filed ITRs in the assessment year 2018-19.

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