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Direct tax collections
DIRECT TAX COLLECTIONS NEWS
The Third Edit | From ancient Rome to middle class today: There's no escaping the taxman
April 19, 2025 10:46 am
Recent research on a 1,900-year-old legal document shows that long before The Beatles sang about the ultimate bogeyman, the tax evader was in the crosshairs of the state
After revision of monetary limits for tax appeals, SC strikes off 573 direct tax cases
September 25, 2024 8:42 am
The Finance Ministry said the measures are expected to “significantly reduce the burden of tax litigation and expedite the resolution of tax disputes” in alignment with the government’s efforts to promote ‘Ease of Living’ and ‘Ease of Doing Business’.
Net direct tax mop-up grows 11% so far to Rs 3.80 lakh cr
June 19, 2023 12:59 am
The Centre’s advance direct tax collections for the April-June quarter from companies, limited liability partnerships (LLPs) and individuals rose 13.7 per cent to Rs 1,16,776 crore, the finance ministry said in a statement.
Net direct tax collections grow 18 percentage to Rs 16.61 lakh crore in FY23, exceeding RE
April 03, 2023 9:29 pm
The Budget Estimates (BE) for direct tax revenue in the Union Budget for 2022-23 were fixed at Rs 14.20 lakh crore, and the Revised Estimates (RE) were pegged higher at Rs 16.50 lakh crore.
Net direct tax collection reaches Rs 13.73 lakh crore
March 12, 2023 12:06 am
The growth in direct tax collections, which comprises personal income tax and corporate taxes, was driven mainly by increase in income tax collections. On a gross basis, the collections grew 22.58 per cent to Rs 16.68 lakh crore.
Higher advance payout raises direct tax mop-up by 30% to Rs 8.36 lakh crore
September 19, 2022 1:01 am
The Finance Ministry said the rise in tax collections can be seen as an indication of revival of economic activity post pandemic.
Buoyancy in direct tax collections ... if it continues, could cross Budget targets: Chairman, CBDT
September 02, 2022 5:59 am
In an interview, Gupta said that out of the overall collections, about Rs 10,000 crore has been collected as securities transaction tax and going ahead, if this trend continues, tax collections may exceed Budget targets. Edited excerpts:
FY22 gross revenues at record; direct tax mop-up rises 49%
April 09, 2022 3:39 am
Gross tax collections grew to Rs 27.07 lakh crore in FY22, a 33.5% rise over last fiscal’s mop-up. The improved revenue buoyancy also reflected in tax-to-GDP ratio rising to over two-decade high of 11.7%
Direct tax collections in Q1 FY 21-22 jumps 66% from that of FY 19-20
June 15, 2021 2:54 pm
Income tax data accessed by The Indian Express shows the total direct tax collection for FY 21-22 as on June 14 stood at Rs 1.68 lakh crore up by 66 per cent from Rs 1.01 lakh crore in FY19-20, the year before the Covid-19 pandemic.
Direct tax collections at Rs 9.45 lakh crore in FY21, exceeds revised estimates: FinMin
April 09, 2021 1:13 pm
Direct Tax collection: The net direct tax collections include Corporation Tax (CIT) at Rs 4.57 lakh crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs 4.88 lakh crore.
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