Direct tax revenue jumps 23.8 percent to Rs 8.98 lakh crore; net collection 52 percent above budget target
The tax department said that the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections stands at 16.73% and 32.30% respectively.
Oct 09, 2022, 15:56 PM IST
DIRECT TAX collection grows by 30% to peg at Rs 8.36 lakh crore: Finance Ministry
This includes revenue from Corporate Income Tax of Rs 4.36 lakh crore and Personal Income Tax (PIT) of Rs 3.98 lakh crore.
Sep 18, 2022, 15:47 PM IST
DNA: What facilities government has provided in lieu of taxes?
In the financial year 2021-22, the Government of India had received Rs 27 lakh crore as tax. Of these, Rs 14 lakh crore was received by the government in the form of direct tax and Rs 13 lakh crore in the form of indirect tax. But what facilities government has provided in return?
Jul 07, 2022, 01:42 AM IST
India's tax collections soar to record Rs 27.07 lakh crore in FY22
Gross tax collection of Rs 27.07 lakh crore from April 2021 to March 2022 compares with the budget estimate of Rs 22.17 lakh crore, said Revenue Secretary Tarun Bajaj.
Apr 08, 2022, 17:30 PM IST
Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says official
The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit, which the government has pegged at 3.4 percent of the GDP.
Apr 09, 2019, 17:25 PM IST
Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh crore
Under the Income Tax Act, any assessee, including salaried employee whose estimated tax liability for an year exceeds Rs 10,000 needs to pay advance tax.
Mar 15, 2019, 15:25 PM IST
ITR filing up 50% so far this year: CBDT chairman
The CBDT chief noted that so far the department has given 2.27 crore refunds, which is 50 per cent higher than last year.
Dec 04, 2018, 15:38 PM IST
Hope to cross Rs 11.5 lakh crore direct tax collection target for FY19: CBDT chief
In 2018-19 budget, the government had projected a 14.3 percent rise in direct tax collections to Rs 11.5 lakh crore.
Sep 17, 2018, 16:37 PM IST
Direct tax kitty grows 19% to Rs 6.95 lakh crore in Apr-Jan period
Collections for Corporate Income Tax showed a growth of 19.2% and that for Personal Income Tax came at 18.6%.
Feb 09, 2018, 21:23 PM IST
Direct tax collection up 15.2% in April-October
Refunds totalling Rs 89,507 crore had been made during April-October 2017.
Nov 07, 2017, 20:07 PM IST
Direct tax collection grows 21% till mid-July FY'18
The government has collected over Rs 1.80 lakh crore in direct tax till July 15 in the current fiscal, an increase of 21.4 pre cent year-on-year, "belying" fears of slowdown in economic activities.
Aug 01, 2017, 17:51 PM IST
Income tax collection from Mumbai falls below target in FY17
The Mumbai income tax zone, which contributes a third of the nationwide direct tax collection, has missed the revenue mop-up target for FY17 by a whisker, a department official has said.
Apr 09, 2017, 17:03 PM IST
Monitor tax collection to meet target by Mar 31: CBDT to taxman
The CBDT has directed the Income Tax department to "scrupulously" monitor tax collection, which it said is slightly less than the target even as the current financial year is nearing an end.
Mar 07, 2017, 17:11 PM IST
Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%
Government's revenue collection from indirect tax grew by an impressive 23.9 percent during the April-January period, while that from direct tax rose by 10.79 percent.
Feb 10, 2017, 15:16 PM IST
CBDT to taxman: Step up TDS survey ops to boost collections
With the current financial year inching towards closure, CBDT has directed the taxman to step up survey operations to check non-deduction of TDS by firms and employers, especially in cases where such payments have dropped by more than 15 percent as compared to last time.
Feb 10, 2017, 13:06 PM IST
Indirect tax mop-up grows 26.2%, direct tax up 15.12% in April-November
Government's revenue collection in April to November saw indirect tax-mop up growing at an impressive 26.2 percent while that of direct tax came in at 15.12 percent.
Dec 09, 2016, 20:37 PM IST
Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun
Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.
Jul 08, 2016, 18:41 PM IST
Direct tax collection at Rs 5.47 lakh crore till Feb 13
Total collection from direct taxes stood at Rs 5.47 lakh crore as on February 13, which is 68.7 percent of the budget target for the fiscal.
Feb 22, 2016, 20:19 PM IST
Government asks top taxmen to ideate for widening tax base
The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.
Jun 14, 2015, 13:08 PM IST
Direct Tax target of Rs 7.98 lakh cr for FY'16 achievable: Das
The Direct Tax collection target of Rs 7.98 lakh crore for the current financial year is likely to be met on account of improvement in economic growth, government said on Monday.
May 25, 2015, 18:35 PM IST
