CBDT raises Corporation Tax collection target for FY 2018-19 by Rs. 50000 crores

CBDT raises Corporation Tax collection target for FY 2018-19 by Rs. 50000 crores from total Rs.6,21,000 Crore to Rs. 6,71,000 Crore

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: –

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