Corporate tax collection up by 34 per cent between April-July
2 years, 4 months ago

Corporate tax collection up by 34 per cent between April-July

India TV News  

Highlights Tax collected on income of companies surged by 34% in first 4-months of current fiscal It indicates that a simplified tax regime with low rates is yielding results, said Income Tax Dept Corporate tax collections at Rs 7.23 lakh crore in fiscal 2021-22 were 58% higher Business news : Tax collected on income of companies surged by 34 per cent in the first four months of the current fiscal that began in April, indicating that a simplified tax regime with low rates is yielding results, the Income Tax Department said. The tax department said corporate tax collections at Rs 7.23 lakh crore in fiscal 2021-22 were 58 per cent higher than the mop-up in the previous financial year. The department said the corporate tax collection in 2021-22 were higher by over 9 per cent when compared to collections of pre-COVID 2018-19 fiscal. This led to a 16 per cent decline in corporate tax collections in 2019-20 to Rs 5.57 lakh crore.

History of this topic

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
5 days, 13 hours ago
Net direct tax collection crosses Rs 15.82 lakh crore mark, registers 16.45 per cent growth
6 days, 3 hours ago
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1 month ago
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1 month ago
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1 month, 1 week ago
Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov
1 month, 1 week ago
India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore
2 months ago
Net direct tax collection grows 22 per cent to Rs 6.93 lakh crore for current fiscal: Govt data
4 months, 1 week ago
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5 months, 1 week ago
Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress
5 months, 1 week ago
Direct tax collections for FY 2024-25 surge by over 20%
6 months ago
Direct Tax Collections Grow 18 Per Cent To Rs 19.58 Lakh Crore In FY24, Beat Revised Estimates
8 months ago
Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report
8 months, 3 weeks ago
India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore
9 months ago
India’s direct tax collections grow 20 per cent for financial year 2023-24
9 months ago
Direct tax kitty crosses 97% of 2023-24 target
9 months ago
India’s net direct tax collection rises 20.25% YoY to ₹15.60 lakh crore
10 months, 1 week ago
Net direct tax collection stands at Rs 15.60 lakh crore Y-o-Y growth of 20%
10 months, 1 week ago
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10 months, 2 weeks ago
The big tax growth the finance minister spoke of isn’t reflecting in the interim budget’s estimates
10 months, 3 weeks ago
GST collections surge to second highest ever at 1.72 lakh crore in January
10 months, 3 weeks ago
Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data
11 months ago
Robust revenues: On direct tax collection target and fiscal consolidation
11 months, 1 week ago
Direct tax collections cross 80% of 2023-24 target
11 months, 1 week ago
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11 months, 3 weeks ago
Tax kitty up 20.7%, crosses 75% of Budget target
1 year ago
Consistent increase in 2023-24 revenue collections: UP govt
1 year ago
Direct tax collections reach ₹11.07 lakh crore, up 18% YoY
1 year, 2 months ago
India’s industrial output growth hits three-month low
1 year, 4 months ago
Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal
1 year, 4 months ago
Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
1 year, 8 months ago
Net direct tax growth for 2022-23 to slow to 15%
1 year, 8 months ago
Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23
1 year, 9 months ago
India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10
1 year, 9 months ago
Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal
1 year, 10 months ago
Govt Rakes In Rs 13,63,649 Crore As Direct Tax In FY23, Collection Up By 26% Over Last Fiscal Year
2 years ago
Direct Tax Collection Jumps 24% to Rs 8.7 Lakh Crore During April-November; Hits 62% of FY23 BE
2 years ago
Direct tax collection jumps 24 pc in first half of FY23
2 years, 2 months ago
Direct tax collection rises by 30% to Rs 8.36 lakh crore
2 years, 3 months ago
Direct Tax Collections Jump 23% To Rs 7 Lakh Crore During Current Fiscal So Far; Check Details
2 years, 3 months ago
Direct Tax Collection Rises 35.46% So Far This Fiscal, Govt Collects Rs 6.48 Lakh Crore
2 years, 3 months ago
Advance Tax Collections Jump 33% YoY to Rs 1,01,017 Crore In June Quarter
2 years, 6 months ago
Direct Tax Collections Jump 51% YoY to Rs 2.8 Lakh Crore During April 1-June 15
2 years, 6 months ago
Tax collection in FY23 likely to be ‘far better’ than Budget estimate: Revenue Secretary
2 years, 6 months ago
Record Exports, GST Collections: Signs of Indian Economic Recovery But Challenges Remain
2 years, 8 months ago
Govt. borrows 58% of target despite 74% more direct tax collections
3 years, 2 months ago
Net direct tax collections so far this fiscal rise over 91% to ₹2.49 lakh cr
3 years, 5 months ago
Net Direct Tax Collections For FY 2021-22 Have Grown At Over 100% To Rs 1,85,871 Crore
3 years, 6 months ago
India’s tax burden shifted from boardrooms to petrol pumps during Covid-19
3 years, 6 months ago

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