Direct, indirect taxes comprise 66 paise of every rupee in govt coffer: Budget documents
1 month, 3 weeks ago

Direct, indirect taxes comprise 66 paise of every rupee in govt coffer: Budget documents

Live Mint  

New Delhi, Feb 1 For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like disinvestment, and 1 paise from non-debt capital receipts, the Budget documents said. Among indirect taxes, goods and services tax will contribute the maximum 18 paise in every rupee of revenue. The collection from "borrowings and other liabilities" will be 24 paise per rupee, as per the Union Budget 2025-26 presented in Parliament by Finance Minister Nirmala Sitharaman on Saturday.

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History of this topic

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman
Trending News
2 days, 22 hours ago

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday said the Finance Bill 2025 provides unprecedented tax relief, and the 13.14% projected growth in personal income tax collection is "realistic" and supported by solid data. Union Budget 2025: Tax bonanza for middle class In the 2025-26 Budget, the government has hiked income tax rebate to ₹12 lakh per annum from ₹7 lakh earlier. …

Five industrial states contribute 72% of direct taxes
2 weeks, 4 days ago

Five industrial states contribute 72% of direct taxes

New Indian Express  

Top five industrial states of the country contribute more than 2/3rd of the direct taxes collected by the central government, even as less developed states like UP, Bihar and MP are taking away more than a third of the tax devolved by the Centre to the states, the government informed parliament on Monday. Responding to a question in Lok Sabha, …

India's GST rises by 9.1 pc in February 2025
3 weeks, 5 days ago

India's GST rises by 9.1 pc in February 2025

Deccan Chronicle  

New Delhi: India's gross goods and services tax or GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February 2025, while gross and net GST revenues in February 2024 were Rs 1.68 lakh crore and Rs 1.50 lakh crore. The GST revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 lakh …

Net direct tax kitty swells 15% to ₹17.78 lakh crore till Feb 10
1 month, 2 weeks ago

Net direct tax kitty swells 15% to ₹17.78 lakh crore till Feb 10

The Hindu  

Net direct tax collection grew 14.69% to over ₹17.78 lakh crore so far this fiscal, government data showed on Tuesday, February 11, 2025. As per the data released by the Central Board of Direct Taxes, mop up from net non-corporate taxes, which include mainly personal income tax, grew 21% year-on-year to about ₹9.48 lakh crore. Gross direct tax mop up …

Kerala Budget 2025: State’s own tax revenue expected to grow at 12.11%
1 month, 2 weeks ago

Kerala Budget 2025: State’s own tax revenue expected to grow at 12.11%

The Hindu  

It is estimated that the State’s Own Tax Revenue would grow at 12.11% in 2025-26 over the revised estimates for the previous fiscal. SOTR would grow to ₹91,514.75 crore in 2025-26 compared to ₹81,627.29 crore in 2024-25, budget documents tabled in the State Assembly on Friday noted. The share of Central taxes is expected to grow at 12% in anticipation …

Interest payments up 11 pc to 25.6 pc of total expenditure
1 month, 3 weeks ago

Interest payments up 11 pc to 25.6 pc of total expenditure

Deccan Chronicle  

Chennai: Interest payments on loans availed by the government is projected to go up by 11 per cent and account for 25.6 per cent of the total expenditure, as per the Budget. The Budget finds that the interest payments are estimated to be Rs 13.15 lakh crore, having gone up from Rs 11.85 lakh crore in the revised Budget of …

Despite hike in exemption limit, income tax receipts to go up by 13 p
1 month, 3 weeks ago

Despite hike in exemption limit, income tax receipts to go up by 13 p

Deccan Chronicle  

Chennai: Despite the Centre's move to increase tax exemption limit to Rs12 lakh annual income and making 30 per cent tax slab payable for those with Rs 24 lakh income, the personal income tax receipts of the government are estimated to go up by 13.4 per cent. Both personal income tax and direct taxes will see their share in revenue …

Where India earns its rupee from and what it spends on
1 month, 3 weeks ago

Where India earns its rupee from and what it spends on

Firstpost  

Taxes and borrowings make up the majority of the revenue while a significant portion of the expenditure is allocated to mandatory obligations such as interest payments and state transfers. How the government earns revenue The government’s income comes mainly from borrowing and liabilities, income tax, GST and indirect taxes and corporate tax. Central Sector and Centrally Central Sector Schemes: These …

Union Budget 2025: Key numbers and economic indicators to watch out for
Top News
1 month, 3 weeks ago

Union Budget 2025: Key numbers and economic indicators to watch out for

Hindustan Times  

Finance Minister Nirmala Sitharaman will present her 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class. Union Finance Minister Nirmala Sitharaman displays a red pouch carrying the Budget documents outside the Finance Ministry in North Block before leaving for the Parliament where she will table the Union Budget 2024-25, in New Delhi, …

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25
Trending News
2 months, 2 weeks 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 …

Income tax may be reduced for those earning up to ₹15 lakh this Union Budget: Report
3 months ago

Income tax may be reduced for those earning up to ₹15 lakh this Union Budget: Report

Hindustan Times  

India is considering reducing income tax for people earning up to ₹15 lakh annually in the upcoming February Budget, aiming to provide relief to the middle class and stimulate consumption amid an economic slowdown, news agency Reuters reported citing two government sources. The number of taxpayers with a gross income between ₹ 50 lakh and ₹ 1 crore has grown …

Net direct tax collections rise 16.5%
3 months, 1 week ago

Net direct tax collections rise 16.5%

The Hindu  

With a little over three months left in 2024-25, India’s net direct tax collections were up 16.5%, crossing ₹15.82 lakh crore by December 17, with non-corporate taxes leading the growth. Data shared by the Central Board of Direct Taxes on Wednesday showed that gross tax receipts had grown 20.3% so far this year to cross ₹19.21 lakh crore, with corporate …

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
3 months, 1 week 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
3 months, 1 week 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
3 months, 3 weeks ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

letters@hindustantimes.com 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 …

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
3 months, 3 weeks ago

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance

Deccan Chronicle  

New Delhi: About 70-75 per cent of GST revenues collected in 2023-24 fiscal year came from the 18 per cent slab, while just 5-6 per cent came from the 12 per cent bracket, Parliament was informed on Monday. The average GST rate has fallen below the revenue neutral rate of 15.3 per cent, prompting the need to start discussions on …

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
4 months, 1 week 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 …

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

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore
5 months, 1 week ago

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore

ABP News  

India's tax filers have seen a significant surge in recent years, with the number of individuals reporting taxable incomes exceeding Rs 1 crore surging fivefold in the assessment year 2023-24. This growth has been driven by both an increase in the total number of taxpayers and an increase in the number of individuals with taxable incomes exceeding Rs 1 crore.

Income Tax Department Sees Doubled Number of Income Taxpayers in 10 Years
5 months, 1 week ago

Income Tax Department Sees Doubled Number of Income Taxpayers in 10 Years

New Indian Express  

The number of income taxpayers has doubled in the past 10 years, with direct tax collection tripling during the same period. Tax buoyancy has shown a sharp improvement, indicating that the growth in tax collection was more than double the nominal GDP growth rate. This is a positive sign for the Indian economy, as it suggests that the country is …

Net direct tax collection rises 22% so far this fiscal
7 months, 2 weeks ago

Net direct tax collection rises 22% so far this fiscal

Live Mint  

New Delhi: The central government’s direct tax collection has risen 22.48% so far this fiscal. Personal tax collection jumped 30% year-on-year to ₹4.47 trillion, while corporate taxes have risen 6% to ₹2.22 trillion. For FY25, the government targets a corporate tax mop-up of ₹10.2 trillion and personal income tax collection of ₹11.87 trillion. The total direct tax collection before adjusting …

Net direct tax collection grows 22 per cent to Rs 6.93 lakh crore for current fiscal: Govt data
7 months, 2 weeks 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 …

Odisha may get Rs 10,000 crore more as tax devolution from Centre in 2024-25 fiscal
7 months, 2 weeks ago

Odisha may get Rs 10,000 crore more as tax devolution from Centre in 2024-25 fiscal

New Indian Express  

BHUBANESWAR: Odisha is expected to get Rs 10,222.56 crore more out of the divisible pool of central taxes this fiscal as the Centre has marginally increased the devolution of taxes to states in 2024-25. According to the Union Budget, Odisha’s share in shared tax is budgeted at Rs 56,473.74 crore in 2024-25 as compared to Rs 46, 251.18 crore in …

Punjab sees 15% jump in tax revenue despite sluggish GST
8 months ago

Punjab sees 15% jump in tax revenue despite sluggish GST

Hindustan Times  

Chandigarh : The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25. The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25 The impressive increase came on the back of improved state excise, sales tax and …

India's 2024 Budget: A push for tax reform
8 months, 1 week ago

India's 2024 Budget: A push for tax reform

India Today  

The 2024 Budget, scheduled for July 23, may see tweaks to key tax policies to boost government revenue — bold steps to tackle tax evasion and improve tax compliance. 1980: For every Rs 100 collected, Rs 11 came from income tax, Rs 12 from corporate tax, Rs 1 from other direct taxes, and Rs 76 from other indirect taxes. 2000: …

Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax
8 months, 2 weeks ago

Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax

The Hindu  

Net direct tax collection grew 19.54% to over ₹5.74 lakh crore so far this fiscal on higher advance tax payment by corporates. The net direct tax collection of ₹5,74,357 crore includes CIT at ₹2,10,274 crore and PIT at ₹3,46,036 crore, as per data released by Central Board of Direct Taxes on July 13. During the same period last year, net …

India's Direct Tax Collections Surge
11 months 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
11 months, 3 weeks 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 …

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

Direct tax kitty crosses 97% of 2023-24 target
1 year ago

Direct tax kitty crosses 97% of 2023-24 target

The Hindu  

Growth in India’s net direct tax collections slowed a bit over the past month but with a kitty of more than ₹18.9 lakh crore, more than 97% of the revised target for 2023-24 had been met by March 17, as per provisional figures released by the Finance Ministry on Tuesday. Personal Income Taxes, including the Securities Transaction Tax, continued to …

India’s net direct tax collection rises 20.25% YoY to ₹15.60 lakh crore
1 year, 1 month 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%
1 year, 1 month 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," …

India’s tax-to-GDP ratio to hit a record high of 11.7% of GDP in 2024-25: Revenue Secretary
1 year, 1 month ago

India’s tax-to-GDP ratio to hit a record high of 11.7% of GDP in 2024-25: Revenue Secretary

The Hindu  

February 06, 2024 08:19 pm | Updated 09:05 pm IST - NEW DELHI India’s tax-to-GDP ratio is expected to hit a record high of 11.7% of GDP in 2024-25, led by an uptick in the more ‘equitable’ direct taxes, and the government will continue to simplify and rationalise the tax regime to reduce disputes, litigation and intrusive means of enforcement, …

Tamil Nadu to get higher amount as share of Central taxes
1 year, 1 month ago

Tamil Nadu to get higher amount as share of Central taxes

The Hindu  

February 01, 2024 07:29 pm | Updated 07:29 pm IST - CHENNAI Tamil Nadu would get ₹44,760.83 crore as its share of Central taxes as per the revised Union Budget estimates for 2023-24, presented by Finance Minister Nirmala Sitharaman on Thursday. As per the revised Union Budget estimates for 2023-24, after some adjustments made for previous years, Tamil Nadu would …

Robust revenues: On direct tax collection target and fiscal consolidation
1 year, 2 months 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, 2 months 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, 2 months 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, 3 months 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 …

Net direct tax collections up 22 % to ₹10.60 lakh crore in FY24
1 year, 4 months ago

Net direct tax collections up 22 % to ₹10.60 lakh crore in FY24

Firstpost  

The net corporate tax collection growth is 12.48 per cent, while the mop-up from personal income tax has risen by 31.77 per cent. Net direct tax collection has increased by 22 per cent in the current fiscal year, reaching Rs 10.60 lakh crore. “Direct Tax collection, net of refunds, stands at Rs 10.60 lakh crore which is 21.82 per cent …

Direct tax collections reach ₹11.07 lakh crore, up 18% YoY
1 year, 5 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, 7 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, 7 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 …

Centre devolves ₹3.09 lakh crore to States till July
1 year, 8 months ago

Centre devolves ₹3.09 lakh crore to States till July

The Hindu  

The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj Chaudhary said on July 25. "Out of ₹10.21 lakh crore estimated to be transferred to States for the FY 2023-24, ₹3,09,521.22 crore has been devolved till July 2023, in …

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
1 year, 11 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%
2 years 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 …

Tamil Nadu’s own tax revenue expected to increase 19.3% in 2023-24: Palanivel Thiaga Rajan - The Hindu
2 years ago

Tamil Nadu’s own tax revenue expected to increase 19.3% in 2023-24: Palanivel Thiaga Rajan - The Hindu

The Hindu  

Finance Minister Palanivel Thiaga Rajan on Monday said the State’s Own Tax Revenue, which accounts for 70% of total revenue, is expected to increase 19.30% to ₹1,81,182.22 crore in 2023-24 from the revised estimates for 2022-23. The State’s Own Non Tax Revenue is estimated at ₹15,309.40 crore in the Revised Estimates, similar to the projections in Budget Estimates 2022-23. Revenue …

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

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