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, 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.