Income Tax Collection in Odisha Hits INR 18,500 Crore; Filers Drop to 15 Lakh

Bhubaneswar, Apr 14 (BNP): Odisha recorded a net income tax collection of around ₹18,500 crore in the financial year 2025–26, according to official data shared by the Income Tax Department.

Pic Credit: Pexel 

The number of income tax return filers in the state declined to nearly 15 lakh in FY25–26, compared to about 16.7 lakh in the previous financial year. The drop of around 1.7 lakh taxpayers is attributed to the increase in the income tax exemption limit announced in the Union Budget, which reduced the number of individuals required to file returns.

The information was shared during a press briefing held after the assumption of office by Odisha’s new Principal Chief Commissioner of Income Tax, Dr. D. Sudhakar Rao.

Officials also noted that Mahanadi Coalfields Limited (MCL) emerged as the highest corporate taxpayer in the state, contributing about ₹3,750 crore in taxes during the year.

For FY26–27, the Central Board of Direct Taxes (CBDT) is expected to set a new collection target for the state, with preliminary estimates placing it close to ₹20,000 crore. Authorities expressed confidence in meeting the upcoming target.