MULTAN: The Regional Tax Office (RTO) Multan has collected net revenue of Rs 21,993 million in the heads of different taxes during the first four months of the current fiscal year (FY) 2015-16 as against the net tax collection of Rs 17,383 million made in the last fiscal year 2014-15. The statistics of RTO Multan shows an increase of 26 percent in tax collection during the first four months of this fiscal year as compared to the previous year.
As statistical figures reveal that from July 2015 to October 2015, the RTO Multan has collected Rs. 21,993 million under the heads of Income Tax, Sales Tax and Federal Excise Duty (FED).
The Income Tax of Rs 9496 million, Sales Tax of Rs 12,317 million whereas Rs 180 million under the head of FED has been collected till October 30, 2015.
The overall tax collection target of RTO Multan was Rs. 21681 million and in contrast with it the office has collected Rs 21,993 million, showing an increase of 1.4 percent. The officials say that the better tax collection against the fixed targets exhibits the upcoming trends of improvement in tax collection in the next quarter of the fiscal year 2015-16.
Meanwhile, RTO Multan has collected net taxes of Rs 5,738 million in October. Against the set revenue target of Rs 5,428 million with an increase of six percent in revenue collection for the month of October as the statistics provided by the RTO.
As per details, RTO Multan has shown tremendous improvement in tax collection in October as compared to fixed target and the office has made a net collection of Rs 5,738 million in October in the heads of different taxes including income tax, sales tax and Federal Excise Duty (FED). RTO Multan has collected income tax of Rs 2,446 million, sales tax of Rs 3242 million and FED of Rs 50 million till the 31th of October.
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