Tax collection clocks 16% growth in Telangana & Andhra Pradesh

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TelanganaandAndhra Pradeshclocked 16.3% Growth in incometaxin 2022-23 till September 17, compared to a corresponding period in the last fiscal.

Around 38,881 crore was mopped up mostly from tax deducted at source with Hyderabad hogging the fifth position in the country after Mumbai,

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Delhi, Bengaluru, Chennai and Pune. Netdirect tax collectionsfor 2022-23 fiscal registered a 23% growth in the country.

Net collections by states are 38,881 crore as against 33,413 crore last year. This includes 18,039 crore of Corporate tax and 20,308 crore of Income tax.