Indrani Patnaik tops taxpayers list again

Last Updated: Tue, Apr 08, 2014 08:00 hrs

Miner Indrani Patnaik has emerged as the top tax payer from Odisha in the individual category for 2013-14, according to the office of the Income Tax department, here.

The mine owner has paid Rs 165 crore as advance tax for the year under assessment. She is followed by another miner KJS Ahluwalia, who paid Rs 154.50 crore as advance tax in 2013-14, over and above Rs 76 crore paid in 2012-13.

Patnaik, who paid Rs 185 crore in 2012-13, has been topping the list of individual tax payers from the state for last few years.

Mahanadi Coalfields Limited (MCL), a 100 per cent subsidiary of Coal India limited, state run PSU Odisha Mining Corporation and central PSU, National Aluminium Company Limited are the highest tax payers in the corporate tax bracket, sources said. The income tax collection in the state has risen by 8.7 per cent to Rs 9,260.3 crore against Rs 8,517.4 crore collected by Odisha region of Income Tax department in 2012-13.

Similarly, the collection for the last fiscal has also surpassed the target of Rs 9,017 crore allotted to the region.

Corporate tax collection has risen to Rs 7,346 crore in 2013-14 from Rs 7,099.6 crore in 2012-13 and individual income tax has increased to Rs 3,378.9 crore from Rs 3,165.5 crore in 2012-13.

Gross collection during 2013-14 has gone up to Rs 10,729.4 crore against Rs 10,268.2 crore in 2012-13, posting a growth of 4.5 per cent.

"Odisha region has been able to achieve the target fixed at Rs 9,017 crores in spite of declining trend of collection in the first nine months of the year 2013-14 and slowdown in the mining industry," read an official release.

The investigation directorate in Odisha under the Income Tax department has intensified its search and seizure operations. During 2013-14, the directorate has conducted 11 search and seizure operations compared to seven in 2012-13. The raids resulted in cash seizure of Rs 2.82 crore, jewellery of Rs 1 crore and other assets worth Rs 12.37 crore.