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by Narayan

Tier 2 and 3 cities showing larger tax revenue growth in India

October 7, 2010 in Community News, Headlines

No wonder, Tier II and III cities have suddenly become an important source of revenue for the finance ministry. Consequently, the finance minister has considered devolution of financial and manpower recruitment to regional heads. Currently, there are 900 range offices headed by an additional commissioner /joint commissioner rank officers. On an average, each range collects revenue to the tune of Rs 500 crore. 

With widespread growth of tax-base across the country and mushrooming of commercial centres in different regions, heads of regions have now been given more financial powers in hiring additional manpower or taking independent decision on expenditure to facilitate more compliance and revenue generation.