Mumbai records 9% rise in Income Tax Collection
(Last Updated On: August 6, 2019)
Mumbai on its way to achieve targeted Income Tax collection of ₹2.79 lakh crore for this year!
Income tax collections in the first four months of the year from the Mumbai Zone constituting 1/3rd of the total tax collection noticed a hike of 9% amounting to ₹67,185 as compared to ₹61,415 crore during the same period in the last year.
The rise of 9% is majorly driven by Advance tax collection which recorded an increase of 134% at ₹1,536 crore during the reporting period from merely ₹656 crore a year ago.