Income tax collections rise 26.2%

Net income tax collection till June 15 grew at a healthy 26.2% to ₹1,01,024 crore from across the country from ₹80,075 crore in the year-ago period.

Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138% at ₹22,884 crore from ₹9,614 crore a year ago, sources at the income tax department here told PTI.

The Mumbai zone contributes over one-third of nationwide direct tax collections.

The New Delhi zone, which is the second largest contributor to the national kitty, registered a 38% growth at ₹11,582 crore during the period, from ₹8,334 crore a year ago, according to the source.