82.73% increase in income tax collection in Telugu states

HYDERABAD: The income tax collection in two Telugu states has registered 82.73% increase in the past 5 years.Speaking at the 159 Income Tax Day celebrations organised at a convention centre in Jubilee Hills, principal chief commissioner of income tax, Telangana and Andhra Pradesh, N Sankaran said the two Telugu States have registered 82.73% increase in income tax collections during the past five years.“The tax collections in the two Telugu states during 2014-15 financial year were Rs 31,762 crore and by 2018-19 finanical year the figure has reached Rs 58,404, registering 82.73% increase,” Shankaran said. During this period, the tax collection growth for the entire country was 63.5%.The principal chief commissioner said that the income tax department has been accepting about 99.5% of the returns filed by the tax payers through voluntary compliance.“Only 0.5% of the returns filed are being taken up for scrutiny. Through e-filing facility, the process of filing income returns has been simplified and majority are now filing through e-mode,” Shankaran said.