Key Points
The Centre has more or less met its tax collection target of over Rs 34.37 lakh crore for 2023-24 on the back of robust economic activity and improved compliance..
The government had raised the target for direct tax collection in FY24 (April 2023 to March 2024) to Rs 19.45 lakh crore, while for indirect taxes (GST+ Customs + Excise) the target was lowered to Rs 14.84 lakh crore in the revised estimates (RE) presented in Parliament on February 1, 2024...
The net direct tax collections (comprising corporate tax and personal income tax) reached over Rs 18.90 lakh crore as of March 17...
Total gross collection for FY24 stood at Rs 20.18 lakh crore, surpassing the revised budget estimate, compared to Rs 18.10 lakh crore in the previous financial year, showed official data released on Monday.. Of the total collection in March, central GST stood at Rs 34,532 crore, state GST was Rs 43,746 crore and integrated GST was Rs 87,947 crore, including Rs 40,322 crore collected on imported goods...
Gross good and services tax (GST) revenue for March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore, with an 11.5 per cent year-on-year growth..
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Gross direct tax collection grows 20% to Rs 19.68 lakh cr, crosses revised estimates target
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Net direct tax mop-up grows 22% to Rs 10.60 lakh crore so far in FY'24, crosses 58% of budget target
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Net direct tax collection rises 19% till Jan 11, reaches 81% of FY24 target
11, Jan, 24India's net direct tax collection has witnessed a significant rise of 19% to reach Rs 14.70 lakh crore as per the latest official government data released on Thursday. Moreover, the data further highlights that the tax collection has already reached 81% of the full-year target.
India's direct tax collection up 18% YoY as of October
10, Oct, 23India's gross direct tax collection for the period from April 1 to October 9 increased by 17.95% to Rs 11.07 lakh crore, according to the Ministry of Finance. Net collections were 21.82% higher than the same period last year, reaching Rs 9.57 lakh crore. Refunds totaling Rs 1.50 lakh crore were issued during this period.
Net direct tax collection rises 11 pc to Rs 3.80 lakh cr, so for in FY24: FinMin
18, Jun, 23Meanwhile, corporate tax collections so far in FY24 is at Rs 1.57 lakh crore, while personal income tax collections at Rs 2.22 lakh crore. Advance tax collections for April-June 2024 at Rs 1.17 lakh crore as on June 17, up 13.7% year-on-year.
Direct tax kitty to cross target, says CBDT chief
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Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE
14, Dec, 23The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal.