Key Points
The government aims to raise Rs 21.99 lakh crore from direct taxes and Rs 16.31 lakh crore from indirect taxes in fiscal year 2025..
Finance Minister Nirmala Sitharaman today proposed in the interim Budget 2024 to collect higher direct and indirect taxes for the next fiscal year starting April 1, reflecting an income and consumption boost in an economy aiming to become the worlds third largest...
New Delhi aims to raise Rs 21.99 lakh crore from direct taxes and Rs 16.31 lakh crores from indirect taxes in fiscal year 2025...
The government revised direct tax collection aim to Rs. 19.45 lakh crore for the current financial year, higher than Rs 16.61 lakh crore collected in fiscal 2023 and Rs 14.08 lakh crore in fiscal 2022..
India's net direct tax collections, comprising corporation tax and personal income tax, hit Rs 14.70 lakh crore as of January 11, up 19% from comparable year-earlier period and over 81% of the budget estimate...
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India's net direct tax collection at Rs 15.6 lakh crore till Feb 10, reaches 80% of revised target
11, Feb, 24India's net direct tax collection reached Rs 15.60 lakh crore as of February 10, representing approximately 80 percent of the revised target set for the entire financial year.
Net direct tax mop-up grows 16% to Rs 4.75 lakh crore so far this fiscal
10, Jul, 23The Income Tax department in a statement said the collection has touched 26.05 per cent of the total budget estimates of direct taxes for full 2023-24 fiscal of Rs 18.23 lakh crore.
At ₹16.7 lakh crore, direct tax collections see 22.6% increase
12, Mar, 23India Business News: NEW DELHI: Direct tax collections rose by 22.
Direct tax collections surge 18% up to October 9
11, Oct, 23India Business News: According to official data, gross direct tax receipts in India reached Rs 11.1 lakh crore as of October 9, 2023, marking an 18% increase from the same
Direct tax mopup surges 22.6% to Rs 16.68 lakh crore
12, Mar, 23The collection is 96.7% of the budget estimate for FY23 and 83.2% of the upward revised estimate for the year, the Central Board of Direct Taxes (CBDT) said in a statement.
Direct tax kitty to cross target, says CBDT chief
16, Nov, 23The direct tax collection target of Rs 18.23 lakh crore for the current fiscal is likely to be exceeded, said CBDT chairman Nitin Gupta here on Wednesday.
At Rs 10.60 lakh cr, direct tax kitty up 22% so far in FY’24
11, Nov, 23Net direct tax collection swelled 22% so far this fiscal year to Rs 10.60 lakh crore, crossing 58% of the Budget target for the full year, the Income Tax Department said on Friday. The net corporate tax collection grew 12.48% and personal income tax mop-up rose 31.77%.
India's net direct tax collection grows 20% to over Rs 18.90 lakh crore till March 17
19, Mar, 24India's direct tax collection surged by 19.88%, reaching over Rs 18.90 lakh crore by March 17, as per government data released on Tuesday. The Income Tax Department specified that the total net direct tax collection stood at Rs 18,90,259 crore, comprising Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT) along with Securities Transaction Tax (STT) at Rs 9,72,224 crore (net of refund).
Net direct tax collections up 22 % to ₹10.60 lakh crore in FY24
10, Nov, 23The net corporate tax collection growth is 12.48 per cent, while the mop-up from personal income tax has risen by 31.77 per cent.
India's fiscal deficit for April-December at Rs 9.82 lakh crore, narrows to 55% of FY24 aim
31, Jan, 24India's fiscal deficit for April to December, or the first nine months of this fiscal year, was at 9.82 lakh crore rupees, equivalent to 55% of annual estimates, narrowing from the previous year's 59.8%. The government aims to narrow the fiscal gap to 5.9% of GDP in this financial year from 6.4% a year earlier.