Net Direct Tax Collections

The net direct tax collections between April 1 and July 3 stood at Rs 2.49 lakh crore, compared to Rs 1.29 lakh crore over the corresponding period last year, representing an increase of 91 per cent

Net direct tax collections till June 15 of 2021-22 were Rs 1,85,871 crore, 100 per cent more than Rs 92,762 crore of corresponding period of 2020-21.

The net direct tax collections represent 104.46 per cent of the revised estimates of Rs 9.05 lakh crore of direct taxes for fiscal 2020-21

Direct tax collections: The amount of refunds issued during the nine-month period rose 17 per cent to Rs 1.30 lakh crore, the government said. Net direct tax collections (after adjusting for refunds) increased 13.6 per cent to Rs. 7.43 lakh crore, it added.

Direct tax collection grew 14.7% from a year earlier to Rs 5.51 lakh crore during April to November, the finance ministry said in a statement on Monday.

The Income Tax Department assessees to file their ITRs and pay taxes based on their tax history or some new information received by the taxman about their transactions.

The growth was the fastest in seven fiscal years.

Net direct tax collections represent 49% of total Budget Estimates of direct taxes for 2017-18

The net direct tax collections constitute 39.4 per cent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal.

Net direct tax collections during the April-August period has grown 15.03 per cent to Rs 1.89 lakh crore, led by robust collections in personal income tax.

A day after Prime Minister Narendra Modi cracked the whip on top tax officers in the country and asked them to increase the tax net without intrusive methods that create fear among tax payers, the Central Board for Direct Taxes said that one crore people and entities are under scrutiny for tax liabilities.

Alarm bells have rung in the Finance Ministry after net direct tax collections are showing a 35 per cent shortfall with only two months left for closing of the financial year.

Net direct tax collection has risen 7.09 per cent to Rs 2,68,836 crore in the first six months of the current fiscal year (2014-15).

The department, according to official data, has made a gross collection of Rs 5,44,891 crore which, after refunds, comes to a net collection of Rs 4,65,998 crore. The latter figure represents 73.23 per cent of the total budget target of Rs 6,36,318 crore.

Amidst a slowdown in the economy, the net direct tax collection has risen by 13.7 per cent to Rs 4.12 lakh crore till December 20 of current fiscal.

The net direct tax collections between April 1 and July 3 stood at Rs 2.49 lakh crore, compared to Rs 1.29 lakh crore over the corresponding period last year, representing an increase of 91 per cent

Net direct tax collections till June 15 of 2021-22 were Rs 1,85,871 crore, 100 per cent more than Rs 92,762 crore of corresponding period of 2020-21.

The net direct tax collections represent 104.46 per cent of the revised estimates of Rs 9.05 lakh crore of direct taxes for fiscal 2020-21

Direct tax collections: The amount of refunds issued during the nine-month period rose 17 per cent to Rs 1.30 lakh crore, the government said. Net direct tax collections (after adjusting for refunds) increased 13.6 per cent to Rs. 7.43 lakh crore, it added.

Direct tax collection grew 14.7% from a year earlier to Rs 5.51 lakh crore during April to November, the finance ministry said in a statement on Monday.

The Income Tax Department assessees to file their ITRs and pay taxes based on their tax history or some new information received by the taxman about their transactions.

The growth was the fastest in seven fiscal years.

Net direct tax collections represent 49% of total Budget Estimates of direct taxes for 2017-18

The net direct tax collections constitute 39.4 per cent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal.

Net direct tax collections during the April-August period has grown 15.03 per cent to Rs 1.89 lakh crore, led by robust collections in personal income tax.

A day after Prime Minister Narendra Modi cracked the whip on top tax officers in the country and asked them to increase the tax net without intrusive methods that create fear among tax payers, the Central Board for Direct Taxes said that one crore people and entities are under scrutiny for tax liabilities.

Alarm bells have rung in the Finance Ministry after net direct tax collections are showing a 35 per cent shortfall with only two months left for closing of the financial year.

Net direct tax collection has risen 7.09 per cent to Rs 2,68,836 crore in the first six months of the current fiscal year (2014-15).

The department, according to official data, has made a gross collection of Rs 5,44,891 crore which, after refunds, comes to a net collection of Rs 4,65,998 crore. The latter figure represents 73.23 per cent of the total budget target of Rs 6,36,318 crore.

Amidst a slowdown in the economy, the net direct tax collection has risen by 13.7 per cent to Rs 4.12 lakh crore till December 20 of current fiscal.