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Direct tax collection
DIRECT TAX COLLECTION NEWS
Direct tax collections grow nearly 20% to Rs 18.90 lakh crore till March 17 on higher advance tax mop-up
March 20, 2024 9:58 am
With this, the government has achieved over 97 per cent of its direct tax target set in its revised estimates for this financial year. In the revised estimates for 2023-24, the government had pegged direct tax receipts at Rs 19.45 lakh crore.
Direct tax collection grows 20 pc to Rs 18.90 lakh cr till Mar 17
March 19, 2024 10:17 pm
On a gross basis, before adjusting refunds, the direct tax collection stood at Rs 22.27 lakh crore, an 18.74 per cent growth over the year-ago period.
Net direct tax collection rises 23.5% to over Rs 8.65 lakh crore on better advance tax mop-up
September 18, 2023 8:25 pm
The net direct tax collection of Rs 8,65,117 crore (as on September 16) includes corporate income tax (CIT) at Rs 4,16,217 crore and personal income tax (PIT) including Securities Transaction Tax (STT) at Rs 4,47,291 crore.
Net direct tax collection reaches Rs 13.73 lakh crore, 83 pc of revised estimate for FY23
March 11, 2023 1:12 pm
Refunds amounting to Rs 2.95 lakh crore have been issued during April 1, 2022 to March 10, 2023, which are 59.44 per cent higher than refunds issued during the same period in the preceding year
Net direct tax mop-up rises 74% so far this fiscal
September 25, 2021 2:41 am
Advance tax mop-up also registered a 56.4 per cent growth to Rs 2.53 lakh crore during the same period, indicating a pickup in economic recovery after the impact of the first wave of Covid-19 pandemic last year and a greater compliance by bigger businesses.
Direct tax receipts beat last fiscal RE by Rs 40,000 crore
April 10, 2021 1:05 am
Had the government not been liberal with refunds — up Rs 78,000 crore or 42 per cent on year at Rs 2.61 lakh crore — the net collections would have been even higher.
Maharashtra accounts for 38% of India’s direct tax collection
October 27, 2018 6:08 am
Maharashtra leads the states in direct tax collection since many of the country’s leading companies have their headquarters here while some of the highest individual taxpayers — including Bollywood stars and cricketers — also live here.
Direct tax collection up 16% from last year, growth in advance tax down
October 12, 2017 7:35 am
The provisional figures of direct tax up to September 2017 show that net collections stood at Rs 3.86 lakh crore which is 15.8 per cent higher than last year.
Despite tax dampener, growth to exceed 7.5%, says FinMin
October 06, 2015 1:19 am
Disinvestment target of RS 69,500 cr is unlikely to be met: Revenue secretary.
Direct tax collections up 11.38% in Apr-Jan FY15
February 14, 2015 1:52 am
The government has already exceeded its budgeted fiscal deficit target of Rs 5.31 lakh crore by December end.
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