Net income tax collections up by 26.2% by 15 June 2017

Mumbai zone registers growth of 138%

by Janhavi Behere

Net income tax collections grew by 26.2 per cent to Rs.1 trillion till 15 June 2017 from Rs.800.8 billion in the year-ago period. Among the metros, Mumbai zone registered the highest revenue collection growth of 138 per cent to Rs.228.8 billion. The New Delhi, Kolkata and Bengaluru zones saw income tax collections rise by 38 per cent, seven per cent and 6.8 per cent, respectively. On the other hand, net collections from Chennai zone declined by 4.4 per cent. The IT department allows corporates to pay advance tax by 15th of the last month of every quarter. Usually, corporates pay 25 per cent of their expected tax liability in each of the first two quarters, 15 per cent in the third quarter and the remaining amount in the last quarter of the financial year.

References
1. http://economictimes.indiatimes.com/news/economy/finance/income-tax-mop-up-begins-on-strong-footing-up-26-2-till-date/articleshow/59181210.cms
CMIE STATISTICS
Unemployment Rate
Per cent
6.1 -0.1
Consumer Sentiments Index
Base September-December 2015
93.3 -0.2
Consumer Expectations Index
Base September-December 2015
93.6 -0.3
Current Economic Conditions Index
Base September-December 2015
92.8 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 17 Sep 17 Dec 17 Mar 18
New projects 2.33 1.38 1.24 2.15
Completed projects 0.87 1.21 1.02 1.07
Stalled projects 2.67 0.69 0.93 3.34
Revived projects 0.23 0.34 0.23 0.14
Implementation stalled projects 0.73 0.72 0.58 1.05
Updated on: 26 Apr 2018 4:20PM
Quarterly Financials of Listed Companies
(% change) Jun 17 Sep 17 Dec 17 Mar 18
All listed Companies
 Income 9.6 7.9 11.9 9.2
 Expenses 9.9 9.0 12.9 9.9
 Net profit -19.9 -18.1 -13.9 6.4
 PAT margin (%) 5.3 5.5 4.9 14.3
 Count of Cos. 4,482 4,470 4,431 96
Non-financial Companies
 Income 10.2 8.2 13.2 6.2
 Expenses 10.5 8.2 12.3 7.8
 Net profit -25.1 -6.0 12.7 -1.6
 PAT margin (%) 5.2 6.2 6.4 12.8
 Net fixed assets 9.2 10.4
 Current assets 78.7 6.9
 Current liabilities 11.0 21.5
 Borrowings 10.4 4.9
 Reserves & surplus 5.2 0.0
 Count of Cos. 3,460 3,444 3,428 70
Numbers are net of P&E
Updated on: 26 Apr 2018 4:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.5 1.5 5.1 1.6
 Expenses 5.6 1.7 5.1 0.7
 Net profit 0.0 -10.3 23.7 9.2
 PAT margin (%) 3.1 2.8 3.6 8.3
 Assets 9.5 10.0 6.9 3.3
 Net worth 8.5 11.4 6.0 2.8
 RONW (%) 5.8 4.9 5.9 12.7
 Count of Cos. 25,647 23,668 20,755 19
Non-financial Companies
 Income 4.7 0.6 4.7 1.5
 Expenses 4.9 0.0 5.2 0.6
 Net profit -8.6 18.4 18.0 10.7
 PAT margin (%) 2.0 2.5 3.1 7.4
 Net fixed assets 13.3 17.3 5.4 4.4
 Net worth 6.9 12.0 4.4 2.9
 RONW (%) 4.6 5.1 6.0 11.5
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 11.8
 Net working capital cycle (days) 66 65 62 38
 Count of Cos. 20,897 19,807 17,287 17
Numbers are net of P&E
Updated on: 18 Apr 2018 11:50AM

Time series available from 1990 onwards