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Maharashtra accounts for 38% of India’s direct tax collection

Maharashtra leads the states in direct tax collection since many of the country’s leading companies have their headquarters here while some of the highest individual taxpayers — including Bollywood stars and cricketers — also live here.

Written by Khushboo Narayan | Mumbai |
October 27, 2018 6:08:44 am
Maharashtra, Mumbai, tax collection, direct tax collection, indirect tax collection, Central board of  Direct Taxes, Indian Express  Maharashtra leads the states in direct tax collection. (File Photo)

Maharashtra accounts for 38.3 per cent of total direct tax collection in India, according to data released by the Central Board of Direct Taxes. Residents and companies in the state paid Rs 3.84 lakh crore of direct taxes in financial year 2017-18.

Direct taxes consist of corporate tax, personal income tax and other levies such as gift tax, wealth tax and securities transaction tax, among others.

Maharashtra leads the states in direct tax collection since many of the country’s leading companies have their headquarters here while some of the highest individual taxpayers — including Bollywood stars and cricketers — also live here.

Maharashtra is followed by Delhi, which paid Rs 1.36 lakh crore of direct tax in 2017-18, accounting for 13.66 per cent of the all-India collection of Rs 10 lakh crore. Karnataka is the only other state that contribute taxes of at least Rs 1 lakh crore. At Rs 1.01 lakh crore, it accounted for 10 per cent of the collection. Tamil Nadu (Rs 67,583 crore) and Gujarat (Rs 44,866 crore) rounded off the top five states.

The country as a whole has seen direct tax collection increase by at least 80 per cent in the last five years. Maharashtra, although in the middle of this pecking order, has seen taxes increase by 90 per cent, a decent number considering the size of levies. Small states and union territories such as Mizoram, Nagaland and Lakshadweep have seen taxes jump in the range of 200 to 500 per cent.

The top five states contributed 73.3 per cent of direct taxes in 2017-18, compared to 69.5 per cent in 2012-13.

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