Tue, Nov 19, 2024
India's net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.
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Thu, Jan 11, 2024
The Central Board of Direct Taxes (CBDT) said in a statement, "Direct Tax collection, net of refunds, stands at Rs 14.70 lakh crore which is 19.41 per cent higher than the net collection for the corresponding period of last year. This collection is 80.61 per cent of the total Budget Estimates of Direct Taxes for FY 2023-24."
Sun, Sep 18, 2022
The cumulative advance tax collections for April-September stand at Rs 2,95,308 crore as on September 17, up 17 per cent over the year-ago period.
Fri, Sep 24, 2021
The net collection (April 1 to September 22) in FY 2021-22 has registered a growth of 27 per cent over 2019-20 fiscal when the net collection was over Rs 4.48 lakh crore.
Wed, Jun 16, 2021
The direct tax collections for FY22, as of June 15, 2021, show that net collections are at Rs 1.86 lakh cr as compared to Rs 92,762 crore over the corresponding period of the preceding year, representing an increase of 100.4 per cent over the collections of the preceding year.
Wed, Dec 12, 2018
According to IT department, Net collections (after adjusting for refunds) have increased by 14.7% to Rs 5.51 lakh crore during April - November, 2018.
Fri, Feb 09, 2018
Net direct tax collections represent 69.2% of the Revised Estimates of Direct Taxes for FY 2017-18
Tue, Jan 23, 2018
Finance Ministry remains firm on its borrowing and fiscal deficit targets for this financial year.
Tue, Jan 09, 2018
An amount of Rs 3.18 lakh crore has been received as Advance Tax up to December, 2017 reflecting a growth of 12.7% over the Advance Tax payments of the corresponding period of last year, said the Finance Ministry statement.
Sat, Dec 09, 2017
Tax collections from the start of the financial year to November 2017 have escalated as against the year ago period.
Tue, Nov 07, 2017
In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 4.39 lakh crore between April - October 2017.
Wed, Oct 11, 2017
In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 3.86 lakh crore between April - September 2017.
Mon, Sep 11, 2017
Direct tax collections in the current fiscal till August 2017 rose 17.5%, ministry of finance said. This collection is 22.9% of the total Budget Estimates of Direct Taxes for the Financial Year 2017-18, the statement said.
Fri, Sep 01, 2017
On November 08, 2017, Prime Minister Narendra Modi announced the withdrawal of high-denomination currency notes like Rs 1000 and Rs 500 to tackle black money and terror financing.
Wed, Aug 09, 2017
Surabhi Ahluwalia, Commissioner of Income Tax, Central Board of Direct Taxes (CBDT), in a statement on Wednesday said, "So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections is concerned, the growth rate for CIT is 7.2% while that for PIT (including STT) is 17.5%."
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
Wed, Nov 09, 2016
Total direct tax collections in October were Rs 3.77 lakh crore which is 10.6% more than the net collections for the corresponding period last year, Income Tax department said in a release on Wednesday.
Mon, Oct 31, 2016
CBDT has asked taxmen to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show a shortfall of an estimated over Rs 14,000 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.
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