RTO-I recovers Rs 34,548m during first 20 days of May

ISLAMABAD: The Regional Tax Office-I (RTO-I) has recovered an amount of Rs 34,568 million during first twenty days of May.

Sources told Customs Today that RTO-I recovered Rs 31,345 million under the head of income tax, while Rs 2783 million were recovered as sales tax. Sources said that Rs 440 million were collected under the head of federal excise duty (FED), while Rs 29,635 million were recovered during first fifteen days of May from which Rs 27,324 million were collected under the head of income tax, while Rs 1,882 million were collected under the head of sales tax and Rs 429 million were collected as federal excise duty (FED) during first 15 days of May.

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Sources said that Rs 48,276 million were collected in the month of April, while Rs44732 were collected under the head of income tax, Rs 2,946 million were collected as sales sales tax, and Rs 598 million were recovered as federal excise duty (FED).

Sources said that as current Fiscal Year is going to expire soon. RTO authorities are using all available resources to collect more revenues from all available resources.