Direct Tax Collection

The Central Board of Direct Taxes (CBDT) said net direct tax collection of Rs 6.92 lakh crore includes Corporation Tax (CIT) of Rs 2.2 lakh crore

Modi Budget@10 | Direct tax collection to triple to Rs 19 lakh crore in 10 years under Modi government

At this pace, the mop-up is likely to be around Rs 19 lakh crore in the fiscal ending on March 31, 2024, exceeding the estimate of Rs 18.23 lakh crore in the 2023-24 Budget.

Advance tax growth after 2nd instalment signals good market sentiment ahead of festive season: Experts

The Advance Tax collections for Financial Year 2023-24 as on September 16 stand at Rs. 3.55 lakh crore as compared to Rs 2.94 lakh crore for the corresponding period of previous fiscal.

Direct tax mop-up to exceed budget target by 25-30%: CBDT chief

Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta also said that the Budget for next fiscal could bring about some tweaks in the TDS provision for online gaming to check tax evasion.

Direct tax collection jumps 24% in first half of FY23

The gross collection of taxes on corporate earnings rose 16.74 per cent during April 1 to October 8, while personal income tax collection jumped 32.30 per cent, the tax department said in a statement.

Bengaluru only city to register growth of 6.6% in total direct tax collected, initial projections show

The Centre's total net direct tax collection, which includes advance tax, dropped 17.6 percent in FY21 as direct tax collected up to December 15 stood at Rs 4.95 lakh crore as against Rs 6.01 lakh crore for the same period a year ago.

CBDT lays out revised region-wise direct tax collection target

The Central Board of Direct Taxes (CBDT) on August 5 laid out the target for achieving the government's revised direct tax collection of Rs 13.35 lakh crore.

Direct tax collections surge 18% to Rs 10.02 lakh cr in FY'18: Arun Jaitley

"Direct tax collections for FY2017-18 has been Rs 10,02,607 crore (18 per cent higher than previous year). The data reveals the efficiency of tax department and rise in no. of honest tax payers. This historical revenue receipt is a factual testimony of accountable governance under PM @narendramodi ji," Jaitley tweeted.

Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

Tax collection assumptions in India's budget ambitious: IMF

In the budget, Jaitley had announced a mega healthcare plan to provide 10-crore poor families with insurance cover against hospitalisation that will cost up to Rs 12,000 crore annually.

Government to miss direct tax collection target for FY17

The government is likely to miss direct tax collection target for FY17. CNBC-TV18's Timsy Jaipuria decodes the details.

Direct tax mop-up jumps 25% to Rs 1.24 lakh cr 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

Direct tax collection falls short by Rs 19,028 cr in FY15

The department has so far collected Rs 6,85,972 crore during the year gone by against the projected target of Rs 7,05,000 crore for fiscal 2015, thus falling short of Rs 19,028 crore as per the data internally released by the Department on April 4, a senior IT official told PTI here today.

Aim at returning to tax-GDP ratio of 12%: Chidambaram

Even as the outlook on the economy continues to remain bleak, Finance Minister P Chidambaram is hopeful that the direct tax collection target for the current fiscal will be achieved.

Net direct tax mop-up rises 9% at Rs 3.46lk cr in Apr-Jan

The net direct tax collection has increased by 9.28% to Rs 3.46 lakh crore in the April-January period mainly on account higher realisation of personal income tax and corporate tax.