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
|
|
Post a Comment