MULTAN: The Federal Board of Revenue (FBR) Regional Tax Office Multan has surpassed the collection target during the second month of fiscal year 2015-16.
The FBR had allotted the collection target of Rs 5.32 billion for the month of August during the on-going economic year 2015-16. The revenue collection target for the month of August includes Income tax, sales tax and federal excise duty. The target for the collection of income taxes was set at Rs 1.78 billion. The Regional Tax Office Multan has collected income tax of Rs 1.82 billion against the set target of Rs 1.78 billion during the month of August. Almost 102 percent target has been attained by the Regional Tax Office Multan in August.
The assigned target of sales tax collection for the Regional Tax Office Multan from the FBR for August was Rs 3.31 billion during the current fiscal 2015-16. Just about Rs 3.61 billion amount of sales tax has been collected by the Regional Tax Office Multan from the potential tax payers. Almost 109 percent sales tax has been achieved in August in the current fiscal year 2015-16.
The FBR has allotted the collection target of almost Rs 230 million federal excise duties to Regional Tax Office Multan for the month of August in the existing economic year 2015-16. The Regional Tax Office Multan has collected almost Rs 45 million during the month of August 2015 in the current fiscal year 2015-16. The Regional Tax Office Multan remain unsuccessful to reach the federal excise duties during August.
Overall the Regional Tax Office Multan has collected target of Rs 5.47 billion against the set target of Rs 32 billion including income taxes, sales taxes and federal excise duty in the month of August during the present fiscal year 2015-16.
The Federal Board of Revenue Regional Tax Office Multan has collected excess target of 102 percent during the month of August under the management of Commissioner RTO Multan Hafiz Muhammad Jamil Owaisi
.
