Budget 2019: Tax officials likely to seek up to Rs 1.5 lakh crore reduction in collection target
5 years, 7 months ago

Budget 2019: Tax officials likely to seek up to Rs 1.5 lakh crore reduction in collection target

India Today  

Officials from the tax department are likely to ask the finance ministry for a reduction in the tax collection target up to 6 per cent, translating to Rs 1.5 lakh crore, in the full Union Budget 2019-20, according to reports. Direct tax collectors may ask for a reduction in collection target to the tune of Rs 60,000-70,000 crore, which is approximately 4.3-5 per cent of the figure presented in the interim budget. As a result, the revised direct tax collection target could come down to Rs 13 lakh crore from 13.8 lakh crore. The report also suggests that the central goods and services tax collection may take a cut of Rs 70,000-80,000 crore in case such a proposal is floated by indirect tax collection officials.

Crore Tax Officials Collection Target  indirect  lakh  likely  collection  target  crore  report  rs  tax  officials  reduction  seek

History of this topic

Personal income taxes help direct tax collections rise 16% to Rs 16.9L cr
2 days, 2 hours ago

Personal income taxes help direct tax collections rise 16% to Rs 16.9L cr

New Indian Express  

NEW DELHI: Net direct tax collection in FY25 increased by 16% to Rs 16.9 lakh crore, driven mainly by strong personal income tax collection. Personal income tax collections during the period surged 21.6% to Rs 8.74 lakh crore compared to Rs 7.2 lakh crore. For the current financial year, the government has a target of collecting Rs 22 lakh crore …

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25
Trending News
2 days, 11 hours ago

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25

Live Mint  

New Delhi: Strong growth in tax collection from both personal and corporate income helped the Central government to collect ₹16.9 trillion in direct tax revenue so far this financial year after adjusting for tax refunds, official data showed on Monday. The net direct tax collection growth of 15.9% so far this year exceeds the 12.8% growth rate that finance minister …

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
4 weeks ago

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December

Live Mint  

The Centre’s direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate. While non-corporate tax collection from individuals and other entities like partnerships and local authorities, after adjusting for refunds, recorded a 22% jump so far this year to …

Net direct tax collection crosses Rs 15.82 lakh crore mark, registers 16.45 per cent growth
4 weeks, 1 day ago

Net direct tax collection crosses Rs 15.82 lakh crore mark, registers 16.45 per cent growth

India TV News  

The government has reported a significant rise in net direct tax collections, which have surged by 16.45 per cent to exceed Rs 15.82 lakh crore in the ongoing fiscal year. Advance tax collection during the period rose 21 per cent to Rs 7.56 lakh crore. The collection includes corporate tax of over Rs 7.42 lakh crore and non-corporate tax mop-up …

UP collects ₹1.35 lakh crore tax revenue in 8 months
1 month, 1 week ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

[email protected] For representation only Uttar Pradesh government on Wednesday claimed it has collected a tax revenue of ₹135058.47 crore in the first eight months of 2024-2025. It collected ₹7579.74 crore from transport, ₹2226.81 crore from energy and ₹279.54 crore from land revenue “Our revenue collections are going up and the state’s financial situation is witnessing marked improvement consistently. The state …

Will exceed direct tax collection target for FY25: CBDT chief
1 month, 4 weeks ago

Will exceed direct tax collection target for FY25: CBDT chief

Live Mint  

New Delhi: The government expects to exceed its ₹22 trillion direct tax collection target for this financial year, going by the current trend in tax receipts, Central Board of Direct Taxes chairperson Ravi Agarwal said on Monday. Nudging taxpayers Agarwal also said the government is nudging tax payers who have not disclosed their foreign assets, to update their tax returns. …

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
1 month, 4 weeks ago

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target

Deccan Chronicle  

New Delhi: The government on Monday said that it would exceed the Rs 22 lakh crore direct tax collection target set for the current fiscal year. As per the latest data released by the tax department between April 1 and November 10, net direct tax collection has grown 15.41 per cent to Rs 12.11 lakh crore, including net corporate tax …

India is investing more in mutual fund SIPs, and paying more tax too
2 months ago

India is investing more in mutual fund SIPs, and paying more tax too

Firstpost  

With individual wealth creation through investments aligning with strengthened government revenues, India appears resilient in the face of global uncertainties Investments in mutual funds,a s well as tax collection in India have gone up. New records for SIPs In October 2024, investments through monthly systematic investment plans into mutual funds surpassed Rs 25,000 crore for the first time and reached …

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov
2 months ago

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov

Live Mint  

New Delhi: The union government’s direct-tax collection has grown by 15.41%, after tax refunds, to ₹12.1 trillion so far this financial year, the Central Board of Direct Taxes said on Monday. Securities transaction tax contributed ₹35,923 crore so far this financial year, 90% more than the ₹18,909 crore collected in the same period a year ago, CBDT data showed. So …

Karnataka Tax Collection: Chief Minister Warns Officials of Missed Targets
2 months, 2 weeks ago

Karnataka Tax Collection: Chief Minister Warns Officials of Missed Targets

India Today  

Karnataka Chief Minister Siddaramaiah has issued a warning to government officials, emphasizing the importance of meeting tax collection targets. The state has set a target of Rs 1,10,000 crore for commercial tax collection for the financial year 2024-25, and as of October, Rs 58,773 crore has been collected. The state has achieved 53.5% of its target so far, but it …

Net direct tax collection grows 22 per cent to Rs 6.93 lakh crore for current fiscal: Govt data
5 months ago

Net direct tax collection grows 22 per cent to Rs 6.93 lakh crore for current fiscal: Govt data

India TV News  

India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Refunds worth Rs 1.20 lakh …

Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress
6 months ago

Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress

New Indian Express  

NEW DELHI: With the personal income tax collections exceeding the corporate tax collections, the Congress alleged on Sunday that the corporate tax cut has put over Rs 2 lakh crore in the "pockets of billionaires," while the middle class continues to bear the weight of heavy taxation. The opposition party's attack on the government came a day after data released …

Direct tax collections for FY 2024-25 surge by over 20%
6 months, 4 weeks ago

Direct tax collections for FY 2024-25 surge by over 20%

Hindustan Times  

The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent. As per the provisional figures up to June 17, 2024, the net direct tax collections for FY 2024-25 have reached ₹4,62,664 crore. The net collections …

India's Direct Tax Collections Surge
8 months, 3 weeks ago

India's Direct Tax Collections Surge

Deccan Chronicle  

New Delhi: Reflecting buoyancy in the economy and rise in income levels of both individuals and corporates, India's net direct tax mop-up has surged by 17.7 per cent year-on-year to Rs 19.58 crore after accounting for refunds in the fiscal year ended March 2024. At the same time, the gross direct tax collections for the FY24 rose 18.48 per cent …

A reform window: On the GST trajectory
9 months, 1 week ago

A reform window: On the GST trajectory

The Hindu  

The financial year 2023-24 appears to have ended on a high on the revenue front. Net direct tax collections rose 19.9% by mid-March to hit 97% of revised Budget targets, while the Goods and Services Tax has yielded a robust ₹20.18 lakh crore. Gross GST revenues in March, for transactions undertaken in February, crossed ₹1.78 lakh crore, the second highest …

Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report
9 months, 1 week ago

Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report

Live Mint  

The central government’s tax collection target of over ₹34.37 lakh crore for fiscal year 2023-24 has been broadly met on the back of robust economic activity and improved compliance, according to a report by PTI. The net direct tax collection grew 19.88 per cent to over ₹18.90 lakh crore till March 17 on higher advance tax mop-up. Advance tax collections …

India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore
9 months, 3 weeks ago

India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore

ABP News  

The direct tax collection of the Centre after adjusting for refunds has grown 19.88 per cent annually to Rs 18.9 lakh crore in FY2023-24, compared to the corresponding period of the preceding Financial Year, where collections amounted to Rs 15.7 lakh crore. This substantial rise in net collections primarily comprises Corporation Tax at Rs 9.1 lakh crore and Personal Income …

India’s direct tax collections grow 20 per cent for financial year 2023-24
9 months, 3 weeks ago

India’s direct tax collections grow 20 per cent for financial year 2023-24

India TV News  

Business news: The net direct tax collection grew 19.88 per cent to over Rs 18.90 lakh crore till March 17 on higher advance tax mop-up. The Central Board of Direct Taxes said net direct tax collection of Rs 18,90,259 crore includes Corporation Tax at Rs 9,14,469 crore and Personal Income Tax, including Securities Transaction Tax at Rs 9,72,224 crore. Advance …

India’s direct tax collection jumps 20% to ₹18.9 trillion
9 months, 3 weeks ago

India’s direct tax collection jumps 20% to ₹18.9 trillion

Live Mint  

New Delhi: The Centre’s direct tax collection after adjusting for refunds has grown 19.88% annually to ₹18.9 trillion, the Central Board of Direct Taxes said in a statement on Tuesday quoting provisional figures for up to Sunday. That was on account of a sharp upward revision of ₹ 1.21 trillion in personal income tax collection for this year as the …

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data
10 months, 2 weeks ago

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

Hindustan Times  

The government's fiscal deficit at ₹11 lakh crore at January end touched 63.6 per cent of the revised annual target, according to the official data released on Thursday. The government's total receipts stood at ₹ 22.52 lakh crore as of January 2024 In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 …

India’s net direct tax collection rises 20.25% YoY to ₹15.60 lakh crore
11 months ago

India’s net direct tax collection rises 20.25% YoY to ₹15.60 lakh crore

Live Mint  

Central Board of Direct Taxes, on Sunday, released a new report revealing that the country’s net direct tax collections have increased by 20.25 % to ₹15.60 lakh crore higher than the net collections for the corresponding period of last year. The gross direct tax collection soared to ₹18.38 lakh crore as of 10 February which is 17.30% higher than the …

Net direct tax collection stands at Rs 15.60 lakh crore Y-o-Y growth of 20%
11 months ago

Net direct tax collection stands at Rs 15.60 lakh crore Y-o-Y growth of 20%

India TV News  

New Delhi: Net direct tax collection in the current fiscal year has witnessed a growth of 20 per cent year-on-year to Rs 15.60 lakh crore. Direct tax collections up to 10th February 2024 show that gross collections are at Rs 18.38 lakh crore, which is 17.30 per cent higher than the gross collections for the corresponding period of last year," …

The big tax growth the finance minister spoke of isn’t reflecting in the interim budget’s estimates
11 months, 1 week ago

The big tax growth the finance minister spoke of isn’t reflecting in the interim budget’s estimates

Live Mint  

In her interim budget for FY25, finance minister Nirmala Sitharaman took credit for the surge seen in direct tax collections over the previous 10 years. Direct tax collections net of refunds touched ₹14.7 lakh crore by 10 January this year, growing 19.4% over the same period of FY23. After that, direct tax collections shot up 40.1% in FY21, benefiting from …

Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data
11 months, 3 weeks ago

Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data

India TV News  

Net direct tax collections surged by 160.52% from Rs. Enhanced resources for collection amidst rising taxpayers Despite a substantial rise in the number of taxpayers, the income tax department allocates increased resources to direct tax collection, indicating a reliance on advanced technology and improved compliance measures. Gross direct tax collections soar Gross direct tax collections in 2022–23 amount to Rs …

Robust revenues: On direct tax collection target and fiscal consolidation
1 year ago

Robust revenues: On direct tax collection target and fiscal consolidation

The Hindu  

With little under a quarter left in the financial year 2023-24, the government has met nearly 81% of its direct tax collection target. Economists believe the exchequer’s net direct tax kitty will end up surpassing the Budget estimate of ₹17.2 lakh crore by about a lakh crore if not more, with the full-year growth settling at around 18%. Within direct …

Direct tax collections cross 80% of 2023-24 target
1 year ago

Direct tax collections cross 80% of 2023-24 target

The Hindu  

India’s net direct tax collections touched ₹14.7 lakh crore by January 10, meeting over four-fifths of this year’s target and reflecting a growth of 19.4% over the same period of 2022-23. The Central Board of Direct Taxes on Thursday said that provisional direct tax collections continue to register ‘steady growth’ with gross collections rising 16.77% to ₹17.18 lakh crore, led …

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi Government
1 year ago

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi Government

The Hindu  

Personal income and corporate tax collections are likely to rise to more than ₹19 lakh crore in 10 years of Prime Minister Narendra Modi-led Government, providing more leeway to come out with people-friendly tax measures. Driven by the increasing income of individuals, net direct tax collections after adjusting for refunds increased from ₹6.38 lakh crore in FY 2013-14 to ₹16.61 …

Tax kitty up 20.7%, crosses 75% of Budget target
1 year ago

Tax kitty up 20.7%, crosses 75% of Budget target

The Hindu  

India’s net direct tax collections had grown 20.7% by December 17 to cross ₹13.70 lakh crore, the Finance Ministry said on Monday, indicating that 75.15% of the year’s direct tax target has been met. “The net direct tax collection of ₹13,70,388 crore includes Corporation Tax at ₹6,94,798 crore and Personal Income Tax including Securities Transaction Tax at ₹6,72,962 crore,” the …

Consistent increase in 2023-24 revenue collections: UP govt
1 year, 1 month ago

Consistent increase in 2023-24 revenue collections: UP govt

Hindustan Times  

LUCKNOW The UP government on Tuesday claimed a consistent increase in its revenue receipts with a collection of ₹2,580.78 crore more in November this year. We have maintained transparency in the release of data about tax and non-tax collections,” said minister for revenue Suresh Khanna while releasing the details about the state government’s total revenue collections. The state government’s non-tax …

Direct tax collections reach ₹11.07 lakh crore, up 18% YoY
1 year, 3 months ago

Direct tax collections reach ₹11.07 lakh crore, up 18% YoY

Hindustan Times  

A total of ₹11.07 lakh crore worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 17.95 per cent increase on a yearly basis, Central Board of Direct Taxes Chairman Nitin Gupta said on Tuesday. Direct tax collection, net of refunds, stood at ₹9.57 lakh crore which is 21.82 per cent higher than …

Direct tax collection grows 17% to ₹5.84 tn
1 year, 5 months ago

Direct tax collection grows 17% to ₹5.84 tn

Live Mint  

The central government has collected ₹5.84 trillion in net direct tax revenues as of 10 August, marking a significant 17% improvement over a year-ago, according to an official statement. This accounts for about one third of the ₹18.2 trillion direct tax collection target of the government for FY24. The Central Board of Direct Taxes said in a statement quoting provisional …

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal
1 year, 5 months ago

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal

Hindustan Times  

Net direct tax collections swelled 17.33 per cent to ₹5.84 lakh crore so far this fiscal, reaching 32 per cent of the full-year budget estimates. On a gross basis, direct tax collection grew 15.73 per cent to ₹6.53 lakh crore till August 10 in the current fiscal. Net direct tax collection, after adjusting refunds, stands at ₹5.84 lakh crore, which …

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
1 year, 9 months ago

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark

Hindustan Times  

NEW DELHI: The Union finance ministry on Monday reported over 20% year-on-year jump in gross direct tax revenue at ₹19.68 lakh crore for the financial year ending March 31, 2023, days after it declared about 22% annualised growth in Goods and Services Tax collections at ₹18.1 lakh crore, reflecting sustained growth in economic activities, better tax administration and ease of …

Net direct tax growth for 2022-23 to slow to 15%
1 year, 9 months ago

Net direct tax growth for 2022-23 to slow to 15%

The Hindu  

India’s net direct tax collections growth, which stood at about 17% for this year by early March, is expected to moderate to 15% for the full financial year 2022-23, a top Finance Ministry official told The Hindu. By February 10, the growth rate stood at 18.4%, which declined further to 16.8% by March 10, when the total net direct tax …

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23
1 year, 10 months ago

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

The Hindu  

India’s net direct tax kitty had risen 16.8% to touch ₹13.73 lakh crore by Friday, reflecting a slight dip in growth over the past month but reaching within striking distance of the Budget target for this year, with three weeks still to go. The uptick in net Personal Income Tax collections continued to outstrip Corporate Income Tax flows, rising 20.73% …

India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10
1 year, 10 months ago

India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10

India Today  

The net direct tax collection for the fiscal year 2022-23 has so far grown by 17 per cent to reach Rs 13.73 lakh crore, which is 83 per cent of the revised target for the full financial year. The gross collections are 22.58 per cent higher than the gross collections for the corresponding period of last year, the Central Board …

Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal
1 year, 11 months ago

Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal

Hindustan Times  

Gross direct tax collections grew 24 per cent to ₹15.67 lakh crore so far this fiscal, the finance ministry said on Saturday. After adjusting for refunds, the net direct tax collection stood at ₹12.98 lakh crore, a growth of 18.40 per cent. Direct tax collections up to 10th February, 2023 show that gross collections are at ₹15.67 lakh crore which …

Budget 2023-24 decoded for UPSC aspirants
1 year, 11 months ago

Budget 2023-24 decoded for UPSC aspirants

Firstpost  

India’s rising global profile is due to several accomplishments like unique ‘World Class Digital Public Infrastructure’ namely, Aadhaar, Co-Win and UPI; the COVID-19 vaccination drive in unparalleled scale and speed; proactive roles in frontier areas such as achieving climate-related goals, mission Union Budget 2023-24 Analysis: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24. Resilience amidst multiple crises India’s …

Union Budget 2023: Read Nirmala Sitharaman's full speech here
1 year, 11 months ago

Union Budget 2023: Read Nirmala Sitharaman's full speech here

Hindustan Times  

Union finance minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday. I propose to provide enhanced limits of ` 3 crore and ` 75 lakh respectively, to the tax payers whose cash receipts are no more than 5 per cent. It is proposed to make amendments relating to exemption provided to charitable trusts and institution to …

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls
1 year, 11 months ago

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday tabled the final full Budget of the NDA-II government. At Rs 10 lakh crore, the central goverment's capex target for 2023-24 is 33 per cent higher than the Budget Estimate of Rs 7.5 lakh crore for 2022-23. This Budget provides for Rs 35,000 crore capital investment towards energy transition and net zero objective and …

Budget LIVE analysis by Sukumar: Capex hike & personal tax changes significant
1 year, 11 months ago

Budget LIVE analysis by Sukumar: Capex hike & personal tax changes significant

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday presented the Narendra Modi government's last full budget before the 2024 Lok Sabha elections. Next generation common IT form to be rolled out MSMEs and professionals — if their cash receipts is no more than 5% presumptive tax limits increased to ₹3 crore and ₹75 lakh respectively 12:11 pm: Concessional duties on some …

Govt Rakes In Rs 13,63,649 Crore As Direct Tax In FY23, Collection Up By 26% Over Last Fiscal Year
2 years ago

Govt Rakes In Rs 13,63,649 Crore As Direct Tax In FY23, Collection Up By 26% Over Last Fiscal Year

ABP News  

New Delhi: India's gross direct tax collections stood at Rs 13,63,649 crore, recording a 25.90 per cent growth, in the financial year, as against ₹10,83,150 crore in the same period for the preceding year. 9,47,959 Cr in the corresponding period of the preceding Financial Year, representing an increase of 19.81%: Ministry of Finance pic.twitter.com/TYrUFhKmCm — ANI December 18, 2022 Notably, …

Net Direct Tax Collection Up By 24% To Rs 8.77 Lakh Crore In April To November Period
2 years, 1 month ago

Net Direct Tax Collection Up By 24% To Rs 8.77 Lakh Crore In April To November Period

ABP News  

New Delhi: The net direct tax collection rose 24 per to Rs 8.77 lakh crore in April-November of the ongoing fiscal, which is about 61.79 per cent of the full-year Budget Estimates of direct tax collection for 2022-23, the Finance Ministry informed on Monday. “Direct tax collection net of refund stands at Rs 8.77 lakh crore as of November 30, …

Direct Tax Collection Jumps 24% to Rs 8.7 Lakh Crore During April-November; Hits 62% of FY23 BE
2 years, 1 month ago

Direct Tax Collection Jumps 24% to Rs 8.7 Lakh Crore During April-November; Hits 62% of FY23 BE

News 18  

Showing a steady growth, net direct tax collections in India jumped 24.26 per cent year-on-year to Rs 8.77 lakh crore till November 11 in the current financial year 2022-23. Steady growth in Direct Tax collections!Net collection in FY 2022-23 is 24.26% higher than the net collection for the corresponding period of the preceding year.61.79% of Budget Estimates for FY 2022-23 …

Budget targets, though higher, will be met, says Harpal Cheema
2 years, 2 months ago

Budget targets, though higher, will be met, says Harpal Cheema

Hindustan Times  

Into his eighth month as the finance and taxation minister of the Aam Aadmi Party government, Harpal Singh Cheema has the most challenging task among all the cabinet ministers. Against the excise collection of ₹2,963 in the first six months of financial year 2021-22, we have garnered ₹4,082 crore so far. At ₹8,703 crore, revenue deficit in the first six …

Direct tax revenues up 16.3% at ₹7.45 lakh crore
2 years, 3 months ago

Direct tax revenues up 16.3% at ₹7.45 lakh crore

The Hindu  

India’s net Direct tax collections in 2022-23 have risen to ₹7.45 lakh crore, more than half this year’s Budget targets by October 8, rising 16.3% over the tax inflows during the same period a year ago, the Finance Ministry said on October 9, 2022. Underlining that Direct Tax collections continue to register steady growth, the ministry said that tax refunds …

DC Edit | Direct tax kitty hints at economic revival
2 years, 3 months ago

DC Edit | Direct tax kitty hints at economic revival

Deccan Chronicle  

The direct tax collection numbers released on Sunday are yet another indication of economic revival in the country. Of this, the cumulative advance tax collections till date grew by 17 per cent indicating a better performance of businesses in the country. If one correlates the growth in the size of the Indian economy and its corresponding direct collection by taking …

Direct tax collection rises by 30% to Rs 8.36 lakh crore
2 years, 3 months ago

Direct tax collection rises by 30% to Rs 8.36 lakh crore

Deccan Chronicle  

NEW DELHI: Gross direct tax collections grew 30 per cent to Rs 8.36 lakh crore till September 17 of current fiscal year on higher advance tax mop-up buoyed by the economic revival post pandemic, the finance ministry said on Sunday. After adjusting for refunds amounting to Rs 1.35 lakh crore, net direct tax kitty grew 23 per cent to Rs …

Direct Tax Collections Jump 23% To Rs 7 Lakh Crore During Current Fiscal So Far; Check Details
2 years, 3 months ago

Direct Tax Collections Jump 23% To Rs 7 Lakh Crore During Current Fiscal So Far; Check Details

News 18  

In another indication of a post-pandemic economic recovery, India’s direct tax collections continue to grow at a robust pace in the current financial year so far. Direct tax collections jumped 23 per cent year-on-year to Rs 7 lakh crore during the financial year 2022-23 so far. It said, “The figures of direct tax collections for the FY 2022-23, as on …

Direct Tax Collection Rises 35.46% So Far This Fiscal, Govt Collects Rs 6.48 Lakh Crore
2 years, 4 months ago

Direct Tax Collection Rises 35.46% So Far This Fiscal, Govt Collects Rs 6.48 Lakh Crore

News 18  

Direct tax collection has increased by 35.46 per cent to Rs 6.48 lakh crore in the current fiscal up to September 8, the finance ministry said. Direct tax collection, net of refunds, stands at Rs 5.29 lakh crore which is 30.17 per cent higher than the net collections for the corresponding period of last year, according to the data released …

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