Govt revenue from large taxpayers increases 22 percent in first month of current FY
Summary
The government collected Rs 20.16 billion from large taxpayers in the first month of the fiscal year, marking a 22 percent increase compared to last year, with income tax and VAT collections rising significantly.
Key Points
- The government collected Rs 20.16 billion from large taxpayers in the first month of the current fiscal year.
- This collection is 22 percent higher compared to the same period last fiscal year when Rs 16.54 billion was collected.
- Revenue from value added tax increased by 24 percent to Rs 4.86 billion.
- Income tax collection surged 45 percent to Rs 9 billion, while tax on interest earnings declined.
- Overall government revenue was Rs 84.78 billion in the review month, down from Rs 94.74 billion previously.
