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Direct tax mop-up rises 20% to Rs 5.74 lakh crore on higher corporate advance tax

Direct tax mop-up rises 20% to Rs 5.74 lakh crore on higher corporate advance tax

Sat, Jul 13, 2024

The net direct tax collection of Rs 5,74,357 crore (as of July 11, 2024) includes CIT at Rs 2,10,274 crore and PIT at Rs 3,46,036 crore, as per data released by Central Board of Direct Taxes (CBDT) on Saturday.

Gross direct tax collections grow 22% in first 11 weeks of FY25; refunds up 34%

Gross direct tax collections grow 22% in first 11 weeks of FY25; refunds up 34%

Tue, Jun 18, 2024

The government's direct tax collections so far this financial year (April 1 to June 17) stood Rs 4,62,664 crore, up 21 per cent on a year-on-year basis, official data showed on Tuesday.

Net direct tax collection grows almost 20% to Rs 18.90 lakh crore till March 17 in FY 2023-24

Net direct tax collection grows almost 20% to Rs 18.90 lakh crore till March 17 in FY 2023-24

Tue, Mar 19, 2024

Furthermore, the ministry stated that there is an 18.74 per cent increase in the gross collection of direct taxes (before adjusting for refunds) for FY 2023–24, which stood at Rs 22,27,067 crore compared to Rs 18,75,535 crore in the corresponding period for the previous fiscal.

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Govt's direct tax kitty swells to Rs 5.57 lakh crore in April-December 2016

Govt's direct tax kitty swells to Rs 5.57 lakh crore in April-December 2016

Fri, Dec 30, 2016

Government's direct tax kitty has swelled to Rs 5.57 lakh crore between April 1 and December 19, thereby achieving 65 per cent of budget estimates.

Direct tax collections in Mumbai, Delhi in single digit

Direct tax collections in Mumbai, Delhi in single digit

Wed, Dec 28, 2016

The growth was in double digit in all the other parts of the country during the period.

WATCH: Top 5 stories of this morning; From upcoming budget likely to provide relief in direct, corporate taxes to Cabinet to make ordinance on old note holders today

WATCH: Top 5 stories of this morning; From upcoming budget likely to provide relief in direct, corporate taxes to Cabinet to make ordinance on old note holders today

Wed, Dec 28, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments.

Did Arun Jaitley just hint at lower income taxes rates?

Did Arun Jaitley just hint at lower income taxes rates?

Tue, Dec 13, 2016

Jaitley said, "Future transaction would be substantially digital and once they are substantially digital, they would come in the tax net. Therefore, the future taxation level would be much higher than what is currently being collected."

Demonetisation impact: Direct, indirect tax collections in November drop

Demonetisation impact: Direct, indirect tax collections in November drop

Fri, Dec 09, 2016

The Central Board of Excise and Customs (CBEC), also released indirect tax collection data.

Direct tax collection will get a long-term boost, Franklin Templeton says

Direct tax collection will get a long-term boost, Franklin Templeton says

Tue, Nov 29, 2016

There is a likely structural improvement in tax to GDP ratio in Indian economy, the report said.

Direct Tax collection rises to Rs 3.27 lakh crore till September: FinMin

Direct Tax collection rises to Rs 3.27 lakh crore till September: FinMin

Mon, Oct 10, 2016

As per the Ministry, till September, 38.65% of the Budget Estimates of direct tax fpr FY17 has been achieved.

Indirect tax collections up over 27%; at Rs 3.36 lakh crore till August

Indirect tax collections up over 27%; at Rs 3.36 lakh crore till August

Mon, Sep 12, 2016

Indirect tax collections for the current fiscal up to August 31, 2016 has increased 27.5% to Rs 3.36 lakh crore. This is nearly half of the Budget Estimates (BE) of indirect taxes for Financial Year 2016-17 Ministry of Finance said.

Direct tax collections up 15%, at nearly Rs 2 lakh crore

Direct tax collections up 15%, at nearly Rs 2 lakh crore

Mon, Sep 12, 2016

India's direct tax collections for the current fiscal year (April 1 to August 31) has increased by 15% to reach Rs 1.89 lakh crore.

India's tax collections for the current year shoot up smartly

India's tax collections for the current year shoot up smartly

Wed, Aug 10, 2016

Direct tax collections, or corporate and income tax rose by over 24%, at Rs 1.59 lakh crore upto July 2016. "Till July, 2016, 18.82%of the Budget Estimates of direct taxes for FY 2016-17 has been achieved," the statement said.

Direct tax collections surge 24% till July 2016

Direct tax collections surge 24% till July 2016

Tue, Aug 09, 2016

Direct tax collections amounted to Rs 1.59 lakh crore up to July 2016. Net collections of direct taxes is 24.01% up till July 2016.

Tax concessions may cost India Rs 6 lakh crore this year

Tax concessions may cost India Rs 6 lakh crore this year

Wed, Aug 03, 2016

“No sector wise details of industry are however maintained and section wise details of revenue impact of direct tax incentives is presented before Parliament with Budget in the form of document titled, 'Statement of Revenue Impact of Tax Incentives under the Central Tax System',” said Santosh Kumar Gangwar, Minister of State (MoS), Finance Ministry.

Say goodbye to your salary! Prices of these items, petrol, air travel, non-subsidised LPG cylinder are higher from June 1

Say goodbye to your salary! Prices of these items, petrol, air travel, non-subsidised LPG cylinder are higher from June 1

Wed, Jun 01, 2016

Many products such as cars, air tickets, cigarettes and even branded clothing will become more expensive from today. Apart from this you can also expect the prices of essentials such as food items including vegetables and other staples to increase.

Krishi Kalyan Cess: Here's what you will have to pay more for from tomorrow

Krishi Kalyan Cess: Here's what you will have to pay more for from tomorrow

Tue, May 31, 2016

The Krishi Kalyan Cess of 0.5% on services imposed by Finance Minister Arun Jaitley comes into force from Wednesday through which the government proposes to collect Rs 5,000 crore during the remaining 10 months of the current fiscal.

Direct Tax collection's share in economy falls to decade low of 5.47% in FY16

Direct Tax collection's share in economy falls to decade low of 5.47% in FY16

Sat, Apr 30, 2016

Maharashtra contributes the biggest share of direct taxes at Rs 2.77 lakh crore in 2014-15 when total collections were Rs 6.96 lakh crore.

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