Lok Sabha Question No. 732 (UNSTARRED), answered on 2018-12-14
Subject: Income Tax Collection
Ministry: FINANCE
Asked by: SUNIL BALIRAM GAIKWAD

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF REVENUE

## To BE ANSWERED ON FRIDAY THE 14 TH  DECEMBER 2018

## LOK SABHA UNSTARRED QUESTION NO. 732 23 AGRAHAYANA SAKA 1940

## INCOME TAX COLLECTION

## 732.  DR. SUNIL BALIRAM GAIKWAD:

Will the Minister of FINANCE be pleased to state:

- (a) the details of Income Tax collected during the financial year 2017-18 along with the estimated tax likely to be collected during the financial year 2018-19;
- (b)  whether  the  Government  has  any  estimates  of  the  revenue  collection  for  the financial year 2018-19 and if so, the details thereof;
- (c) the number of people filing return under the Income Tax in the country, slabwise during the last three years;
- (d) whether the Government is taking any steps to bring the people earning above the exemption of income limit under the Income tax net and to reduce the burden of paying income tax on the existing income tax payers; and
- (e) if so, the steps taken/being taken by the Government in this regard along with the other steps taken by the Government to boost income tax collection in the country?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

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- (a) & (b)  The details of income-tax collected during the financial year 2017-18 along with the Budget Estimates for Financial Year 2018-19 are as under:
- (c)  The  number  of  individuals  filing  return  of  income-tax  in  the  country,  slab-wise, during the last three years is as under:
- (d) & (e) Several legislative, administrative and enforcement measures have been taken  by  the  Government  to  boost  direct  tax  collections  and  widen  the  tax  net including-
- (i) Expansion of scope of TDS and TCS to cover more types of financial transactions.
- (ii)  Expansion  and  strengthening  of  third-party  financial  transaction  reporting  to obtain wider range of data to identify tax-evasion or under-reporting of income.
- (iii) Implementation of Non-filers Monitoring System (NMS) to identify potential taxpayers on the basis of third-party data.
- (iv)  Follow  up  of  data of  cash  deposits  in  bank  accounts  after demonetization to detect unaccounted income.
- (v) Action against generation and use of black money, both inside and outside the country, through new legislations and stern enforcement.
- (vi)  Promotion  of  voluntary  compliance  through  high  level  of  taxpayer  service, expeditious  resolution  of  grievance,  ease  of  paying  taxes  and  filing  returns, recognition of honest taxpayer through issue of a certificate etc.

Rs. in crore

| Head of Taxes   | Actual direct tax collections during 2017-18 (Provisional)   | Budget Estimates for Financial Year 2018-19   |
|-----------------|--------------------------------------------------------------|-----------------------------------------------|
| Corporation Tax | 5,71,202                                                     | 6,21,000                                      |
| Taxes on Income | 4,31,539                                                     | 5,29,000                                      |
| Total           | 10,02,741                                                    | 11,50,000                                     |

| Range/Slab                                                                       | Assessment year 2015-16   | Assessment year 2016-17   | Assessment year 2017-18   |
|----------------------------------------------------------------------------------|---------------------------|---------------------------|---------------------------|
| Up to Rs. 5.00 lakh of Gross Total Income (Tax slab of 5%)                       | 2,96,58,558               | 3,29.33,385               | 3,05,48,685               |
| Between Rs. 5.00 lakh and Rs. 10.00 lakh of Gross Total Income (Tax slab of 20%) | 81,30,631                 | 1,16,59,354               | 1,16,02,132               |
| Above Rs. 10.00 lakh of Gross Total Income (Tax slab of 30%)                     | 29,50,610                 | 17,87,122                 | 45,24,297                 |

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