The Madurai regional office of the has managed to collect 2,100 crore so far out of the target collection of 4,000 crore for the Madurai region, principal chief commissioner of income tax for Tamil Nadu and Puducherry, R Ravichandran said. Ravichandran reviewed the income tax collection for the Madurai office.
though the collection for Madurai region appears mediocre, they are hopeful that the collection will improve in the next quarter. The income tax collection target for Tamil Nadu and Puducherry region is 1,08,000 crore in which they have collected 70 %. Another installment for advance tax collection is also due, he said.
The Growth of the Tamil Nadu and Puducherry collection is at 28 %. The region has been given the target of 17% but the income tax collection growth is another 11% because the states economy is doing well and tax collection is really good. Though we have been given the target of 1,08,000 crore, we are planning to touch 1,25,000 crore and it will be the highest target the region has ever achieved. We managed to touch 1 lakh crore collection last year, he said.