Direct tax collections from AP and Telangana increased significantly: AP, Telangana IT Principal Chief Commissioner

Hyderabad, April 16 -- The direct tax collections from Andhra Pradesh and Telangana have increased significantly - from Rs 1 lakh crore last year to Rs 1.19 lakh crore this year - reflecting the region's growing compliance and economic activity, said Mitali Madhusmita, Principal Chief Commissioner of Income Tax, Andhra Pradesh & Telangana, here on Wednesday.

The benefits of the New Income Tax Bill Will Be Reduced Complexity, Increased Compliance, Liberal Tax Rates, and Minimised Legal Disputes, " Madhusmita said while addressing the gathering at the interactive overview meeting on "New Income Tax Bill & Finance Act 2025 (ITB 25)", being organized by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) here.

Madhusmita hig...