Direct tax collection surges 20% to Rs 18.90 trillion till March 17q
New Delhi: The income tax department reported a growth of 19.88 percent in net direct tax collection, which has surpassed Rs 18.90 trillion as of March 17.
Gross Direct Tax collection grows 18% YoY to Rs 12 lakh cr up to Nov 9
New Delhi: The Direct Tax collections up to November 9, 2023, continued to register steady growth with the Gross Direct Tax collections witnessing a 17.59% growth to Rs 12.37 lakh crore, compared to the corresponding period of last year.
Direct Tax collection in Oct FY24 crosses Rs 11.07 lakh cr
New Delhi: The gross direct tax collections in October, so far, surpassed Rs 11 lakh crore, reaching Rs 11.07 lakh crore, the Finance Ministry said in a statement on October 10.
Net direct tax mop-up rises 23.5 pc in FY24 till mid-September
New Delhi: The Centre's tax kitty continues to swell on the back of strong economic growth. The latest data shows net direct tax collections rose 23.51% year-on-year to Rs 8.65 lakh crore in the current financial year till September 16 as against Rs 7 lakh crore in the same period a year ago.
Direct tax collection grows 17% to Rs 5.84 lakh cr so far this fiscal
New Delhi: Net direct tax collection in the current fiscal year up to August 10 stood at Rs. 5.84 lakh crore, 17.33% higher than the net collections for the corresponding period of last year.
Gross Direct Tax collections for FY 2023-24 grow of 12.73%
New Delhi: Direct Tax collections for the Financial Year 2023-24, as on June 17, show that net collections are at Rs 3,79,760 crore, compared to Rs. 3,41,568 crore in the corresponding period of the preceding Financial Year i.e. FY 2022-23, representing an increase of 11.18%.
Rs 158 crore TDS collected from transfer of Virtual Digital Assets
New Delhi/IBNS: Tax deducted at source on payments made upon transfer of Virtual Digital Assets (VDA) stood at Rs 157.9 crore as of March 20 for FY23, according to the Ministry of Finance.
Direct tax collections in Fy23 up 24.09 pc till Feb
New Delhi: The direct tax collections for the financial year 2022-23 (till February 10) registered a growth of 24.09 pc at Rs 15.67 lakh crore over the collections for the corresponding period of last year, government data showed on Saturday.
Direct Tax collections grow 24.58 pc y-o-y to Rs 14.71 lakh crore
New Delhi/IBNS: Direct Tax collections up to January 10, 2023, stood at Rs. 14.71 lakh crore, up 24.58% compared to gross collections for the corresponding period of last year, the Ministry of Finance said on Wednesday.
Direct tax collections revised to Rs 1 lakh crore
New Delhi/IBNS: India's direct tax collections have exceeded the Revised Estimates by over Rs 1 lakh crore.
RBL Bank authorised by RBI to Collect Direct Taxes
Mumbai/IBNS: RBL Bank has been authorised by the Reserve Bank of India (RBI), based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Indirect, direct tax collection up despite demonetisation says Finance Minister Arun Jaitley
New Delhi, Jan 9 (IBNS): Union Finance Arun Jaitley said on Monday that indirect and direct tax collection has gone up during the first three quarters of the current fiscal despite demonetisation in November, according to media reports.