Release of Income Tax Return Statistics for AY 2015-16.


Image result for Release of Income Tax Return Statistics for AY 2015-16.

Release of Income Tax Return Statistics for AY 2015-16. 


In continuation of its efforts to place more and more information in public domain, the Central Board of Direct Taxes(CBDT) has released data relating to distribution of income and tax payable in respect of returns filed for the Assessment Year 2015-16. With this release, detailed income-tax data for four recent Assessment Years (apart from Time-series Data from FY 2000-01 to FY 2016-17) have become available in public domain enabling researchers, scholars, policy makers, students and all other stakeholders to make a better analysis of the trends in incomes and tax payments.


 The reports containing the released data relating to distribution of income and tax payable in respect of returns filed for the Assessment Year 2015-16 are now available at www.incometaxindia.gov.in.

  Earlier, the Central Board of Direct Taxes(CBDT) has been proactively releasing Time-series Data relating to Direct Tax collections, number of taxpayers and cost of collection etc.as also data of number of PAN allotted and data relating to distribution of income and tax payable in the returns filed for different Assessment Years. In this series, analysis of income declared and tax payable for Assessment Years 2012-13, 2013-14 and 2014-15 has already been released by the CBDT last year and the updated Time-series Data has already been released earlier this year.

*******
India signs Financing Agreement with the World Bank for US$ 125 Million for “Skills Strengthening for Industrial Value Enhancement Operation (Strive) Project." 

A Financing Agreement for IDA Credit of USD 125 million (equivalent) for the “Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project” was signed by the Government of India with the World Bank yesterday in the national capital. The Financing Agreement was signed by Mr. Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank (India) on behalf of the World Bank.

The Objective of the operation is to improve access to quality and market-driven vocational training provided in it is and apprenticeships.

The result areas for the project include Improved Performance of Industrial Training Institutes; Increased Capacities of State Governments to Support Industrial Training Institutes and Apprenticeship Training; Improved Teaching and Learning; and Improved and Broadened Apprenticeship Training.

The closing date for the project is 30th November, 2022.

*********
Nearly rs. 52,000 crore capital infused in psbs under indradhanush plan 

The Government has so far infused capital of Rs. 51,858 crore in PSBs. Bank-wise detail are Annexed (Annexure-A).

Government allocated a sum of Rs. 22,915 in 13 PSBs during the FY 2016-17 under first tranche of capital infusion out of which a sum of Rs. 16,414 (75%) was infused upfront and the remaining amount was to be infused based on the performance of the respective banks.

            Government of India proposed to make available Rs. 70,000 crore out of budgetary allocations for infusing capital in Public Sector Banks (PSBs). Amounts of Rs. 25,000 crore each in the financial years 2015-16 and 2016-17, and Rs. 10,000 crore each in financial years 2017-18 and 2018-19, were envisaged.

Annexure-A

Details of Capital infused in Public Sector Banks (PSBs)
by Government since financial year 2015-16
(In crore Rupees)

S. No.
Bank
2015-16
2016-17
2017-18
1
AllahabadBank
973.00
451.00
----
2
Andhra Bank
378.00
1100.00
----
3
Bank of Baroda
1786.00
0.00
----
4
Bank of India
3605.00
2838.00
----
5
Bank of Maharashtra
394.00
300.00
----
6
Canara Bank
947.00
745.18
----
7
CentralBank of India
535.00
1397.00
----
8
CorporationBank
857.00
508.00
----
9
Dena Bank
407.00
1046.00
----
10
Indian Overseas Bank
2009.00
2651.00
----
11
OrientalBank of Commerce
300.00
0.00
----
12
Punjab NationalBank
1732.00
2112.00
----
13
SyndicateBank
740.00
776.00
----
14
State Bank of India
5393.00
5681.00
----
15
UCO Bank
935.00
1925.00
----
16
UnionBank of India
1080.00
541.00
----
17
United Bank of India
480.00
1026.00
----
18
VijayaBank
220.00
0.00
----
19
IDBI Bank
2229.00
1900.00
1861.00

Total
25000
24997.2
1861.00

*********
More than 30 crore Accounts opened under Pradhan Mantri Jan Dhan Yojana

 As on 6.12.2017, total 30.71 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), including 18.05 crore accounts opened in rural/semi-urban areas.

Banks are opening PMJDY accounts for unbanked persons at their branches. In addition for uncovered Sub-Service Areas (SSAs) with 1000-1500 households, Bank Mitras, who can open PMJDY accounts, are deployed. State/UT-wise number of PMJDY accounts is annexed at Table 1.

Department of Revenue has apprised that based on information received from 187 Reporting Entities, Rs. 42,187crore had been deposited in 3,74,14,844 PMJDY accounts during the period 8.11.2016 to 30.12.2016.  A number of measures have been taken up by the Government, which include collection of information on cash transactions, collating and analysis of such information, extensive use of information technology and data analytic tools for identification of high risk cases, expeditious verification of suspect cases and enforcement action as required.

Table 1: State/UT wise Number of PMJDY accounts opened as on 06.12.2017


S.No

State Name
Number of PMJDY accounts opened as on 06.12.2017
Rural
Urban
Total
1
Andaman & Nicobar islands
36853
14581
51434
2
Andhra Pradesh
4437311
4536119
8973430
3
Arunachal Pradesh
150536
102830
253366
4
Assam
9486483
3033857
12520340
5
Bihar
20174916
12173763
32348679
6
Chandigarh
38085
206473
244558
7
Chhattisgarh
8221389
4603014
12824403
8
Dadra & Nagar Haveli
74300
13618
87918
9
Daman & Diu
20443
20654
41097
10
Delhi
470489
3463299
3933788
11
Goa
107512
42802
150314
12
Gujarat
6048591
5548967
11597558
13
Haryana
3404165
3031380
6435545
14
Himachal Pradesh
848820
127351
976171
15
Jammu & Kashmir
1673959
264985
1938944
16
Jharkhand
7832980
3095969
10928949
17
Karnataka
6534781
5022652
11557433
18
Kerala
1536024
1944817
3480841
19
Lakshadweep
4520
642
5162
20
Madhya Pradesh
12804614
13841605
26646219
21
Maharashtra
10415718
11270381
21686099
22
Manipur
355535
423036
778571
23
Meghalaya
346429
66601
413030
24
Mizoram
98146
166569
264715
25
Nagaland
101236
115266
216502
26
Odisha
8819012
3341299
12160311
27
Puducherry
68970
90485
159455
28
Punjab
3380992
2629442
6010434
29
Rajasthan
14332237
9565442
23897679
30
Sikkim
73412
20960
94372
31
Tamil Nadu
4075561
4822010
8897571
32
Telangana
4577150
4368329
8945479
33
Tripura
580715
230766
811481
34
Uttar Pradesh
27730246
18533375
46263621
35
Uttarakhand
1332547
794666
2127213
36
West Bengal
20296556
9091734
29388290
Total
180491233
126619739
307110972

No comments

Powered by Blogger.