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Direct tax collection News

direct tax collection

09 Oct 2022

Direct tax revenue jumps 23.8 percent to Rs 8.98 lakh crore

Gross Direct Tax collections for FY 2022-23 up to 8th October, 2022 are at Rs. 8.98 lakh crore Net collections at Rs. 7.45 lakh crore, 16.3% higher than net collections for same period last year The Budget had estimated direct tax collection at Rs 14.20 lakh crore this fiscal

direct tax collection

18 Sep 2022

DIRECT TAX collection grows by 30% to Rs 8.36 lakh crore: Finance Ministry

Direct tax collections stands at Rs 8.36 lakh crore by 30% growth: Finance Ministry. The data is for current fiscal year till September 17. For April-September, advance tax collection grew 17% to Rs 2.95 lakh crore.

06 Jul 2022

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?

08 Apr 2022

India's tax collections soar to record Rs 27.07 lakh crore in FY22

Direct taxes came in at Rs 14.10 lakh crore. Indirect taxes like excise duty stood Rs 1.88 lakh crore higher than the budget estimate. Indirect tax mop-up was Rs 12.90 lakh crore, he said.

Direct tax mop-up

09 Apr 2019

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.

advance tax payment

15 Mar 2019

Govt banking on advance tax collection to meet direct tax target of Rs 12L cr

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.

04 Dec 2018

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.

17 Sep 2018

Hope to cross Rs 11.5 lakh crore direct tax collection target for FY19: CBDT

In 2018-19 budget, the government had projected a 14.3 percent rise in direct tax collections to Rs 11.5 lakh crore.

direct tax collection

09 Feb 2018

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%.

direct tax collection

07 Nov 2017

Direct tax collection up 15.2% in April-October

Refunds totalling Rs 89,507 crore had been made during April-October 2017.

direct tax collection

01 Aug 2017

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.

09 Apr 2017

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.

Income Tax department

07 Mar 2017

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.

10 Feb 2017

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.

10 Feb 2017

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.

09 Dec 2016

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.

direct tax collection

08 Jul 2016

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.

22 Feb 2016

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.

14 Jun 2015

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.

direct tax collection

25 May 2015

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.

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