Mumbai contributes one-third to the all India I-T collection
Mumbai has again emerged the top contributor to India’s income tax kitty, reports Manish Pachouly.business Updated: Apr 26, 2007 04:51 IST
Mumbai has again emerged the top contributor to India’s income tax kitty. The city has contributed almost one-third to the total income tax collection in the just concluded financial year (2006-07).
Mumbai’s tax collection stood at about Rs 75,000 crore as against the all India figure of around Rs 2,29,000 crore. Income tax officials said that Mumbai surpassed its original target of Rs 69,000 crore for the financial year 2006-07. The target was, however, increased to Rs 79,000 crore in January this year with economy on the high.
“Though we could not achieve the revised target, breaching the earlier target is a good sign,” said a senior I-T officer requesting anonymity. He said that the collection this year is almost 39 per cent higher than previous financial year’s collection of Rs 54,000 crore.
Though the collection target would be declared by the Finance Ministry next month, city income tax officials expect it to be around 25 to 30 per cent higher than last financial year’s target.
While the targets are shooting up drastically, non-filling up of vacancies in the department are a cause of concern for the officials. They said that on all India level, 25 per cent seats are vacant on various positions. Even the post of assistant commissioner of income tax (ACIT) and deputy commissioner of income tax (DCIT) are vacant. “This level does the major work of processing and scrutiny of the returns filed by the assessees,” said a senior officer.
On all India level over 38 per cent posts of ACITs and DCITs are vacant. As against the sanctioned strength of 2192, there are only 1350 ACITs and DCITs. In Mumbai 42 per cent posts of ACITs and DCITs are vacant. As against the sanctioned strength of 249, there are only 144 ACITs and DCITs in the city.
First Published: Apr 26, 2007 04:50 IST