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direct tax collections News
direct tax collections
Net direct tax mop-up grows 74% at Rs 5.70 lakh cr so far this fiscal
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.
Direct tax collections UPDATE: BIG RISE! Rs 1.86 lakh cr - What taxpayers should know
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.
Direct Tax Collection stands at Rs 6.75 lakh crore in November 2018; personal tax rises by 16%
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.
Direct tax collections up to January FY18 rise 19.3%
Fri, Feb 09, 2018
Net direct tax collections represent 69.2% of the Revised Estimates of Direct Taxes for FY 2017-18
How will RBI read the upcoming Budget?
Tue, Jan 23, 2018
Finance Ministry remains firm on its borrowing and fiscal deficit targets for this financial year.
Direct tax collections rise 18.2% in April-December 2017: FinMin
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.
Direct tax collections grow over 14% till November to nearly Rs 5 lakh crore
Sat, Dec 09, 2017
Tax collections from the start of the financial year to November 2017 have escalated as against the year ago period.
Direct Tax Collections touch nearly 45% of FY18 Budget Estimates
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.
Direct Tax collections' reach 39.4% of FY18 Budget Estimates
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.
Direct tax collections rise 17.5% till August, Govt says
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.
Has demonetisation tackled black money? Finance Ministry explains in four points
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.
Issued income tax refunds to the tune of Rs 61,920 crore till July, Govt says
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%."
Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
Direct Tax collections rise 10% in October
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.
CBDT asks taxmen to ensure revenue collection targets are met
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.
Direct tax collections up 15%, at nearly Rs 2 lakh 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.