Tue, Jul 25, 2023
Finance Minister Nirmala Sitharaman said that tax revenue has been steadily increasing in the last three to four years, even though tax rates have not been hiked. She attributed this to the efforts of the Central Board of Direct Taxation (CBDT) to control evasion and the use of technology to improve tax collection. This is good news for taxpayers, as it means that they are not being overburdened by taxes.
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Mon, Jul 10, 2023
The Income Tax department in a statement said the collection has touched 26.05 per cent of the total budget estimates of direct taxes for full 2023-24 fiscal of Rs 18.23 lakh crore.
Mon, Dec 12, 2022
Refunds amounting to Rs 2.15 lakh crore were issued between April 1 - November 30.
Sun, Nov 21, 2021
With the net direct tax collection till October closing in on Rs 6 lakh crore and average monthly GST mop-up likely around Rs 1.15 lakh crore this fiscal, the government's tax collection kitty will surpass budget estimates this financial year, Revenue Secretary Tarun Bajaj said.
Sat, Aug 18, 2018
Addressing a two-day conference of Income Tax Administrators of Eastern Zone here, Shabri Bhattasali, Member of CBDT said that during 2017-18, a record number of 6.92 crore I-T returns were filed, which was 1.31 crore more than 5.61 crore returns filed in 2016-17.
Mon, Apr 10, 2017
The Income Tax Department of Mumbai has missed the revenue mop-up target of Rs 2.79 trillion for the financial year 2016-17 on account of more refunds given to tax payers.
Mon, Oct 10, 2016
Till September, 52.5% of the Budget Estimates (BE) of indirect taxes for the current financial year has been achieved, Ministry of Finance said.
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