M S Dhoni Emerges as Top Individual Taxpayer in Jharkhand and Bihar for FY 2025-26
MS Dhoni Highest Taxpayer From Jharkhand And Bihar In FY 26
News 18
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In the financial year 2025-26, the Income Tax department collected approximately ₹20,000 crore (roughly $2.4 billion USD) from Jharkhand and Bihar, with M S Dhoni recognized as the highest individual taxpayer in both states. The collection from Jharkhand alone was ₹12,000 crore (about $1.4 billion USD).
- 01M S Dhoni was the highest individual taxpayer in Jharkhand and Bihar for FY 2025-26.
- 02The total tax collection from both states reached ₹20,000 crore (approximately $2.4 billion USD).
- 03Jharkhand contributed ₹12,000 crore (around $1.4 billion USD) to the total collection.
- 04Only 40 lakh out of 5.5 crore PAN card holders in the states filed tax returns.
- 05A new Income Tax Act will be implemented from April 1, 2025, replacing the 1961 Act.
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The Income Tax department reported a total collection of ₹20,000 crore (approximately $2.4 billion USD) from Jharkhand and Bihar during the financial year 2025-26. M S Dhoni, the former captain of the Indian cricket team, was recognized as the highest individual taxpayer across both states, with ₹12,000 crore (about $1.4 billion USD) collected from Jharkhand alone. The Principal Chief Commissioner of Income Tax for Bihar and Jharkhand, Dr. D Sudhakara Rao, noted that around 70% of the total collection was obtained through tax deduction at source (TDS). Despite challenges posed by heavy rains affecting mining activities, which impacted tax collection, officials remain optimistic about exceeding the ₹20,000 crore mark in the current financial year. Rao highlighted that only 40 lakh of the 5.5 crore PAN card holders in the two states filed tax returns. The upcoming Income Tax Act, effective from April 1, 2025, aims to simplify compliance and enhance clarity for taxpayers.
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The tax collection figures indicate a growing compliance and revenue generation in Jharkhand and Bihar, which could lead to improved public services and infrastructure development.
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