Mumbai: Buoyed by a 60 per cent growth in income tax collections in Mumbai, Finance Minister P Chidambaram today said he expected the country's financial capital to do even better in the next fiscal.

"Income tax collection is doing better than the budget estimates. Mumbai has shown a growth of over 60 per cent in tax collection. I hope Mumbai will do even better in the coming fiscal," he said, inaugurating the Large Tax Payer Unit (LTU) here.

The LTU provides a taxpayer friendly and service-oriented environment of tax administration in the country.

Mumbai is the third city to have an LTU after Bangalore and Chennai. Delhi and Kolkata would be the next centres to have LTUs which provide single-window to corporate to pay all central taxes.
Source : PTI