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India’s Personal Income Tax grew by 9.9% for 2008-09. The personal income tax also includes Fringe Benefit Tax, Securities Transaction Tax and Banking Cash Transaction Tax.
However, personal income tax has declined in Hyderabad and eight other metro cities including Mumbai, Bangalore and Chennai. Some other cities in the list of lower income tax collection are Nagpur, Meerut, Bhopal, Bhubneshwar and Guwahati.
According to the data, Mumbai fell short by Rs 2,275 crore in the personal income tax collection segment or 5.6 per cent in the last fiscal, if compared to the one year old data. Bhopal division has recorded the biggest decline in the collection, which is 43 per cent.
Still trying to find the exact percentage drop for Hyderabad. Will update the posting when I find that data.