TaxTMI 
TaxTMI 
IT Dept collection from Jharkhand-Bihar in FY 26 Rs 20,000 cr; Dhoni highest taxpayer
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....T Dept collection from Jharkhand-Bihar in FY 26 Rs 20,000 cr; Dhoni highest taxpayer<BR>Income Tax<BR>Dated:- 7-5-2026<BR>PTI<BR>Ranchi, May 7 (PTI) The Income Tax department's total collection from Jharkhand and Bihar during 2025-2026 was around Rs 20,000 crore, a senior IT official said on Thursday. Former India cricket team captain M S Dhoni was the highest individual taxpayer combining both....
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.... the states, he said. "The total collection from Bihar and Jharkhand during the financial year of 2025-26 was around Rs 20,000 crore, of which Rs 12,000 crore was collected only from Jharkhand," Principal Chief Commissioner of Income Tax (Bihar -Jharkhand), Dr D Sudhakara Rao, said while addressing media persons here. Around 70 per cent of the total collection received through tax deduction ....
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....at source (TDS), he said. Rao said, "M S Dhoni was the highest individual taxpayer combining Bihar and Jharkhand during the previous financial year." He, however, refrained from disclosing his net tax return. Central Coalfields Limited (CCL), Bharat Coking Coal Limited (BCCL) and CMPDI were among the highest taxpayers among corporates, another official said. "During the previous financi....
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....al year, the mining activity was a bit affected due to heavy rains, which impacted the collection. We hope to exceed the Rs 20,000 crore mark in tax collection during the current financial year," Rao said. He added that there are around 5.5 crore PAN card holders in Bihar and Jharkhand, of which only 40 lakh file returns. Earlier, Rao held a meeting with the IT officers regarding the new Inc....
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....ome Tax Act, 2025, which comes into effect from April 1, replacing the six-decade-old Income Tax Act, 1961. More than 100 officers from both states participated in the meeting. "The new Act marks a shift towards greater clarity and ease of compliance through simple language, a streamlined structure and a reader-friendly presentation, without altering the underlying tax policy," Rao said. He ....
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....said several outreach programmes would be conducted in Bihar and Jharkhand to spread awareness and detail the nitty-gritty of the new tax among the bankers, PSUs and others. PTI SAN SAN RG =============<BR> News - Press release - PIB....