ISLAMABAD: Marking 11 percent growth over thr last year, the Federal Board of Revenue (FBR) has collected Rs 148.98 billion net revenue during first month (July) of current fiscal year 2015-16 against the collection of Rs 133.96 billion in the same month of the last fiscal year 2014-15.
As per statistics of the FBR, it generated Rs 16.245 billion net revenue on the last day of July 2015 in the wake of taxes, however; in 2014 it could collect Rs 14 billion.
The FBR’s gross collection stood at Rs 163.649 billion in July, 2015 and after payment of refunds to the tune of Rs 14.669 billion, the net collection is standing at Rs 148.98 billion.
While, in July, 2014 FBR made gross collection amounting to Rs 141.01 billion including Rs 7.039 billion refunds.
During current fiscal year in July, it collected Rs 62.184 billion under the head of income tax against the collection of Rs 46.123 billion in the same month of last year.
It received Rs 74.394 billion as sales tax in July, 2015 but could collect Rs 71.892 billion in July, 2014.
In wake of customs duty, it generated Rs 22.598 billion in current year’s first month, while Rs 17.636 billion was collected during same corresponding period of last year.
The FBR also collected Rs 4.473 billion under the head of federal excise duty in July, 2015 but in July, 2014, it had achieved Rs 5.349 billion.
