Income tax collection in two Telugu states is up by 82.7% in 5 years

HYDERABAD: The

income tax collection

in two

Telugu states

has registered 82.73 percent increase in the past five 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 per cent 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 per cent increase,” Shankaran said. During this period, the tax collection growth for the entire country was 63.5 per cent.

The principal chief commissioner said that the income tax department has been accepting about 99.5 percent of the returns filed by the tax payers through voluntary compliance. “Only 0.5 per cent 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.