Tax Collections
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
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Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
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Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
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Net Direct Tax Collection Rises 19.4% YoY To ₹14.7 Trillion Rupees
The Indian government's net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees ($177.1 billion) in the ongoing financial year up to Jan. 10, according to a statement from the Ministry of Finance.
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Net Direct Tax Collection Grows 11% To 3.80 Lakh Crore So Far This Year
Higher advance tax collection helped net direct tax kitty swell 11 per cent to Rs 3.80 lakh crore so far this fiscal, a reflection of economic activity gaining traction.
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Delhi's GST Collection Over Rs 34,000 Crores In 2022: State Minister
Delhi Finance Minister Kailash Gahlot on Wednesday said the collection of GST and VAT in the city was more than Rs 34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of AI.
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Data Shows Tax Collection Source Mechanism Abused: Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at source mechanism has been "abused" and these "volumes involved were fairly substantial".
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
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Net Direct Tax Collections Grow 18% To Rs 16.61 Lakh Crore In 2022-23
Net direct tax collections rose by 18 per cent to Rs 16.61 lakh crore in the 2022-23 fiscal, exceeding the revised estimates (RE).
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TDS, TCS Reduced By 25%, Says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman announced relief for middle classes too today as part of the government's efforts to soften the blow of coronavirus.
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Jammu And Kashmir Aims To Register 20% Growth In Tax Collection In 2019-20
Jammu and Kashmir Taxes Department is aiming to register 20 per cent growth in tax collection by the end of the current financial year, a senior official has said.
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Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley
With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday.
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"Notes Ban Led To More Tax Collection, Economic Growth": Arun Jaitley
Finance Minister Arun Jaitley on Thursday said the demonetisation of Rs 500/1,000 notes led to formalisation of economy, more tax collection and higher growth.
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Direct Tax Collections Rise 18.7% To Rs 6.89 Lakh Crore This Fiscal
The collections till January 15, 2018 represent over 70 per cent of the Rs 9.8 lakh crore revenue target from direct taxes, the Central Board of Direct Taxes (CBDT) said in a statement.
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
-
Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
-
Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
-
Net Direct Tax Collection Rises 19.4% YoY To ₹14.7 Trillion Rupees
The Indian government's net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees ($177.1 billion) in the ongoing financial year up to Jan. 10, according to a statement from the Ministry of Finance.
-
Net Direct Tax Collection Grows 11% To 3.80 Lakh Crore So Far This Year
Higher advance tax collection helped net direct tax kitty swell 11 per cent to Rs 3.80 lakh crore so far this fiscal, a reflection of economic activity gaining traction.
-
Delhi's GST Collection Over Rs 34,000 Crores In 2022: State Minister
Delhi Finance Minister Kailash Gahlot on Wednesday said the collection of GST and VAT in the city was more than Rs 34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of AI.
-
Data Shows Tax Collection Source Mechanism Abused: Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at source mechanism has been "abused" and these "volumes involved were fairly substantial".
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
Net Direct Tax Collections Grow 18% To Rs 16.61 Lakh Crore In 2022-23
Net direct tax collections rose by 18 per cent to Rs 16.61 lakh crore in the 2022-23 fiscal, exceeding the revised estimates (RE).
-
TDS, TCS Reduced By 25%, Says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman announced relief for middle classes too today as part of the government's efforts to soften the blow of coronavirus.
-
Jammu And Kashmir Aims To Register 20% Growth In Tax Collection In 2019-20
Jammu and Kashmir Taxes Department is aiming to register 20 per cent growth in tax collection by the end of the current financial year, a senior official has said.
-
Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley
With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday.
-
"Notes Ban Led To More Tax Collection, Economic Growth": Arun Jaitley
Finance Minister Arun Jaitley on Thursday said the demonetisation of Rs 500/1,000 notes led to formalisation of economy, more tax collection and higher growth.
-
Direct Tax Collections Rise 18.7% To Rs 6.89 Lakh Crore This Fiscal
The collections till January 15, 2018 represent over 70 per cent of the Rs 9.8 lakh crore revenue target from direct taxes, the Central Board of Direct Taxes (CBDT) said in a statement.
