It has been able to achieve significant increase its revenue collection due to its sound and prudent economic policies, better tax practices, e-governance, hassle-free tax administration and cordial relations between traders and authorities instead of a coercive approach. The city government on Wednesday released figures in respect of revenue collections during 2010-11 apart from an elaborate comparison with collection during 2009-10.
While releasing details, the Chief Minister, Mrs Sheila Dikshit who is also holding charge of the Department of Finance stated, that there has been a remarkable addition in city government’s exchequer because of better revenue collection during 2010-11. The collection has gone up from Rs.13448/- crore in 2009-10 to Rs.16478/- crore 2010-11.
This is an increase of 23%, which speak of our concerted efforts in enforcing better tax practices throughout the year. It may be noted that the increase during 2010-11 against 2009-10 has been more than double than increase in 2009-10 against 2008-09 that was just 10.40%.
The maximum 52.93% increase has been in Tax on Vehicles, 45.78% in Stamps & Registration Fees, 23.34 in State Excise, 19.18% in VAT, 12.96% in Entertainment Tax, 11.58% in other Taxes and Duties, 11.35% in Luxury Tax and 7.46% in Betting Tax. The revenue collection in Tax on Vehicles has increased from Rs.462.65 crore to Rs.707.55 crore, in Stamps & Registration Fees from Rs.929.99 crore to Rs.1355.78 crore, in State Excise from Rs.1643.56 crore to rs.2027.29 crore, in VAT from Rs.10126.02 crore to Rs.12068.52 crore, in Entertainment Tax from Rs.55.71 crore to Rs.62.93 crore and in other Taxes & Duties from Rs.285.64 crore to Rs.318.71 crore.
Further in Luxury Tax the collection has gone up from Rs.224.03 crore to Rs.249.45 crore and in Betting Tax from Rs.5.9 crore to Rs.7.46 crore. Mrs. Dikshit expressed confidence that the officers and other staff members will continue to adopt similar measures to bring further improvement in revenue tax collection to enable the city government to enhance public funding and also to take up a large number of pro-people projects and policies.