Tuesday, 3 May 2016

Income Tax collection of India

Recently, India govt came out with state wise break up of Income tax collected. I was curious to know how my state (Manipur) fared comparing with the rest of states and Union Territories. 

Data are as follows: 



The collection from Manipur is only 53.31 crores. That is  .0000766 % contribution to Govt of India. It is almost the combined tax collected from Salman, Akshay and Shah Rukh Khan[1]. That small! 


The state Sikkim is very small but gives back Rs. 323.88 crores to GoI. Almost 5 times larger than my state. 


Overall Maharashtra and Delhi contributes more than 50% of income tax to India. A very surprising data I found interesting was that of the state of Gujarat. When the PM is telling everyone to follow the Gujarat model, the state only contributes 5.3% of income tax. 

References:
[1]  Taparias to Salman Khan: Here’s the list of India’s highest individual tax payers - See more at: http://indianexpress.com/article/india/india-news-india/taparia-family-some-actors-lawyers-among-top-taxpayers/#sthash.tS42GPiy.dpuf

Source of data: Income Tax Department (GOI)