Business Standard

CBDT asks Mumbai, West Bengal to step up efforts to raise revenue

The net tax growth rate in some of these regions was below expectations, said two people privy to the development

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In FY23, revenue from direct tax (which includes income and corporate taxes) are projected to grow by over 17 per cent to Rs 16.50 trillion compared with Rs 14.20 trillion in FY22

Shrimi Choudhary New Delhi
While conducting a pan-India review of tax collections on Monday, authorities at the Central Board of Direct Taxes (CBDT) asked officials in some regions like Mumbai, Pune, and West Bengal to step up efforts to maximise revenue, with just 10 days to go for the end of financial year 2022-23 (FY23).

The net tax growth rate in some of these regions was below expectations, said two people privy to the development.

Mumbai, which adds 37 per cent to the total direct tax mop-up, has reported tax collection of Rs 4.93 trillion so far, against the full-year target of Rs 5.35

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