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direct tax collection
Direct tax collection reaches 80% of revised FY-24 target at Rs 15.60 lakh crore
Direct tax collection, net of refunds, till February 10 of FY24 stands at Rs 15.60 lakh crore, which is 20.25 per cent higher than the net collections in the corresponding period last year.
11 February 2024, 13:49 IST
Direct tax collection reaches 80% of revised FY-24 target at Rs 15.60 lakh crore
11 February 2024, 13:49 IST
Direct tax collection up by 41% to Rs 3.54L cr in Q1
During the April-June period of 2021-22, the government had collected a net direct tax of Rs 2,50,881.08 crore
25 July 2022, 16:56 IST
Direct tax collection up by 41% to Rs 3.54L cr in Q1
25 July 2022, 16:56 IST
Net direct tax collection grew nearly 68%: MoS Finance
Gross direct tax collection as of November 23 stood at over Rs 8.15 lakh crore, a 48.11 per cent growth, Pankaj Chaudhary said
29 November 2021, 10:23 IST
Net direct tax collection grew nearly 68%: MoS Finance
29 November 2021, 10:23 IST
Budget 2021 | Key I-T announcements for taxpayers
The time limit for reopening of income tax assessment cases has been reduced to three years from six years
02 February 2021, 01:45 IST
Budget 2021 | Key I-T announcements for taxpayers
02 February 2021, 01:45 IST
Budget 2020 highlights: Budget will increase income & investment, says PM Modi
A massive relief to taxpayers, income tax for income between Rs 5-7.5 lakh p.a halved to 10%. Income tax for an income between Rs 10 and Rs 12.5 lakh has been reduced to 20% as against 30% earlier. Income between Rs 12.5 lakh and 15 lakh will be taxed at 25% as against 30% and those at Rs 15 lakh plus annual income, the tax will be 30%. A big cheer for depositors as deposit insurance for depositors enhanced from Rs 1 lakh to Rs 5 lakh. Entrepreneurship is the strength of India, says FM Sitharaman. This budget is to boost income and enhance purchasing power, says adds. Since the Budget comes at a time when the Indian economy is facing a slowdown, stakeholders are expecting economy-boosting measures in this Budget. Stay tuned for live updates.
01 February 2020, 16:11 IST
Budget 2020 highlights: Budget will increase income & investment, says PM Modi
01 February 2020, 16:11 IST
Budget transparency a welcome move
Both these issues may have to be addressed in the Budget to be presented on February 1.
25 January 2020, 02:39 IST
Budget transparency a welcome move
25 January 2020, 02:39 IST
'Direct tax falls for the first time in two decades'
Direct taxes typically account for about 80% of the government's projections for annual revenue, and the shortfall may leave the government needing to boost borrowing to meet expenditure commitments
24 January 2020, 10:21 IST
'Direct tax falls for the first time in two decades'
24 January 2020, 10:21 IST
Economic slowdown hits direct tax mop-up
India’s economic slowdown is impacting the Centre’s revenues with the net direct tax collection growing by a paltry 2.6.9% to Rs 5.58 lakh crore in April-November period of 2019-20.
01 January 2020, 19:19 IST
Economic slowdown hits direct tax mop-up
01 January 2020, 19:19 IST
With just two months for Budget, not much on cards
The hopes of getting any major income tax relief in the upcoming Union Budget are fast diminishing. The direct taxes are not growing even at 4%.
24 November 2019, 15:00 IST
With just two months for Budget, not much on cards
24 November 2019, 15:00 IST
Amnesty plan for tax evaders
With direct tax collection set to fall well short of the target, the Centre may announce a "voluntary disclosure of income scheme" for tax evaders and ask them to report their previously undeclared income to tax authorities, pay a one-time tax and penalty, without risk of prosecution.
13 November 2019, 01:25 IST
Amnesty plan for tax evaders
13 November 2019, 01:25 IST
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