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CBDT Revises Targets For Collection Of Corporate Tax In FY 2018-19

The CBDT has revised the target for collection of corporation tax for FY 2018-19. The region-wise targets are also specified. The revised targets are required to be further allocated amongst the charges within the jurisdiction of the PCsIT. The target for personal income-tax has remained unchanged.

F. No. 38012/2018-IT (Budget)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 27th February, 2019

To,

All the Principal Chief Commissioners of Income-tax
Madam / Sir,

Subject: Revised target for collection of Corporation Tax for the F.Yr. 2018-19- regarding.

I am directed to convey that pursuant to the revision of the target for collection of Corporation Tax from Rs.6,21,000 Crore to Rs. 6,71,000 Crore under Revised Estimates (RE), the region-wise revised targets for Corporation Tax fixed on the basis of current trends of growth and revenue potential of the regions, are as under: –

Pr. CCIT Region

Original target for Corporation Tax

Revised target for Corporation Tax

Ahmedabad

26071

26171

Bengaluru

61483

65233

Bhopal                                         12194

14176

Bhubaneshwar                                          7362

9155

Kolkata                                        27207

29398

Chandigarh

21176

23681

Chennai

43136

45109

Kochi

7648

7564

Delhi

86868

100162

Guwahati

3831

4539

Hyderabad

26987

30660

Jaipur

10390

11727

Kanpur

14095

15930

Lucknow

2554

2660

Mumbai

237666

249802

Nagpur

1712

1250

Patna

4517

4880

Pune

26101

28903

TOTAL

621000

671000

The revised targets as above may be further allocated amongst the charges within your jurisdiction under intimation to the Board. The targets for Personal Income Tax remains unchanged.

This issues with the approval of the Chairman, CBDT.

Yours faithfully:

(Md. Tarique Kalim)
Director (IT: Budget), CBDT
Tel: 011-23092641


One comment on “CBDT Revises Targets For Collection Of Corporate Tax In FY 2018-19
  1. Abhishek says:

    The officials have gone berserk over collections from Feb, 19 owing to huge pressure from CBDT, CBEC and other revenue departments. A lot of coercion is happening and taxpayers are made to pay the taxes that are not genuinely payable by them, as extraneous demands have been raised by the AOs with ill intent.

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