Yuvraj Singh highest tax payer in Chandigarh
Cricketer Yuvraj Singh has turned out to be the highest income tax payer in the non-corporate tax category in Chandigarh region, with advance tax payment of Rs 1.75 crore for the assessment year 2012-13.chandigarh Updated: Sep 28, 2011 19:28 IST
Cricketer Yuvraj Singh has turned out to be the highest income tax payer in the non-corporate tax category in Chandigarh region, with advance tax payment of Rs 1.75 crore for the assessment year 2012-13.
The advance tax payment made by Yuvraj this September was 84% more than advance tax of Rs 95 lakh he paid in in September 2010, as per the data provided by the Income Tax Department in Chandigarh.
In corporate tax category, State Bank of Patiala has topped the list of ten highest tax payers as it paid income tax amounting to Rs 139 crore, up by 54 % compared with tax paid in last September.
The total advance tax (including tax paid in June) of the bank reached Rs 203 crore, according to the data. With department witnessing buoyancy in tax collections, the advance tax collections of Chandigarh region surged by 24 % till September 15, the last date for advance tax payment.
The tax collections from corporates stood at Rs 449.10 crore and from individuals remained Rs 70 crore. Glaxo Smithkline and Swaraj Engines secured second and third position in list of top ten tax payers of corporate tax with companies paying advance tax of Rs 16 crore and Rs 6.4 crore respectively in September.
In case of Non-corporate tax category, Chandigarh Housing Board secured second slot in tax payment as it paid advance tax of Rs 1.5 crore, though it was 50 % less than what it paid in last September.
Chandigarh region had already posted highest growth of 47 % in terms of income tax collections in the first quarter of current fiscal across the country.
Income Tax department is eyeing over 20 % growth in tax collection in current fiscal over actual mobilization of last fiscal.
The department has set a target of collecting Rs 19,844 crore in 2011-12 against Rs 16,374 crore realised in last financial year.