MULTAN: The Federal Board of Revenue (FBR) Regional Tax Office Multan has surpassed tax collection against the set target during the month of July in the financial year 2015-16.
The Regional Tax Office Multan was assigned the tax collection target of Rs 3.99 billion from Federal Board of Revenue in the month of July economic year 2015-16. The Federal Board of Revenue have allocated the sales tax target of Rs 2.40 billion in the month of July for existing fiscal year .The Regional Tax Office Multan has collected almost Rs 2.36 billion sales tax revenue during the month of July against the target of Rs 2.40 billion. Near about 99.33% target of sales tax collection have been achieved by the Regional Tax Office Multan during the month of July in the fiscal year 2015-16.
The Federal Board of Revenue have allotted the income tax target of Rs 1.46 billion to the Regional Tax Office Multan for the collection throughout July in the current fiscal year 2015-16.The Regional Tax Office Multan have collected the income tax of Rs 1.46 billion for the duration of July against the target of Rs 1.46 billion in the monetary year 2015-16.The Regional Tax Office Multan has achieved target by attaining 120% revenue set target of Income tax in the course of July.
As per statistics, Regional Tax Office Multan has realized the revenue federal excise duty of Rs 150 million against the target of Rs 130 million for the period of July in the economic year 2015-16. Almost 115% revenue target of federal excise duty has been attained by Regional Tax Office Multan in the month of July.
Overall Federal Board of Revenue (FBR) Regional Tax Office Multan has composed revenue of Rs 4.15 billion against the assigned target of Rs 3.99 billion during the first month of the fiscal year 2015-16.The Regional Tax Office Multan has the 104% revenue target assigned by the Federal Board of Revenue in the month of July including sales tax, income tax and federal excise duty.
