Income tax collection from the Mumbai region has gone up by over 20 per cent as of November 21 over the year-ago period.
The region, which mops up more than one-third of the total direct tax, has collected Rs 1.14 trillion (Rs 1,14,000 crore) as of November 21, up from Rs 0.95 trillion in the year-ago period, showing a growth by 20.17 per cent, Principal Chief Commissioner of Income Tax and Head of Mumbai region DS Saksena told PTI.
The department is hopeful of achieving its projected collection of Rs 2.56 trillion for the fiscal by March from Mumbai region alone, he added. Against this, indirect taxes have been doing much better with the collection till September rising over 35.8 per cent to over Rs 3.24 trillion in the first half of the current fiscal, reflecting growth in economic activity against Rs 2.38 trillion.

Source - http://www.thehindubusinessline.com