Tax Collection
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Average monthly GST collections to grow 11 per cent to Rs 1.85 lakh crore in FY25: Revenue Secretary
Business | February 02, 2024 14:44 ISTFinance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
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Direct tax collections rise almost 16 per cent to Rs 6.53 lakh crore so far in current fiscal: CBDT
Business | August 11, 2023 17:42 ISTThe collection is 32.03 per cent of the total budget estimates of direct taxes for the current fiscal 2023-24.
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Direct tax collections for FY23 jump 11 pc YoY, reaching Rs 3.80 lakh cr: Finance Ministry
Business | June 18, 2023 21:23 ISTIn a statement, the ministry said that the corporation tax (CIT) will be Rs 1,56,949 crore and the personal income tax (PIT) will be Rs 2,22,196 crore, including the Securities Transaction Tax (STT).
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Tax collection in India one of the highest, says Economist Surjit Bhalla | DETAILS
Business | May 28, 2023 18:24 ISTTax collection in India: While speaking to media, Bhalla said reduction in tax rate is required to accelerate the pace of economic growth.
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MCD receives property tax worth over Rs 55 crore under THIS scheme | Know DETAILS
January 14, 2023 18:59 ISTMCD property tax collection: Under this scheme, property owners of authorised and regularised colonies can settle all property tax related liabilities by paying property tax of the residential properties for the current year and previous five years.
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Two-year extension of GST compensation cess levy likely to cover shortfall in tax collection
Business | September 23, 2020 16:06 ISTThe GST Council is likely to approve a two-year extension of the compensation cess levy on goods and services to allow the Centre to pay the entire shortfall in GST tax collection by states expected till June 2022.
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Govt collects Rs 7.52 lakh cr direct tax in Apr-Jan
Business | March 03, 2020 18:06 ISTThe government has collected over Rs 7.52 lakh crore as direct taxes till January 31 of the current fiscal, Parliament was informed on Tuesday. The Revised Estimate (RE) has pegged the target for collection of direct taxes for the current fiscal, which ends on March 31, at Rs 11.70 lakh crore.
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Rajasthan restores toll tax on private vehicles on state highways
India | November 01, 2019 16:47 ISTPrivate vehicles were exempted from paying toll tax on state highways in April last year in Rajasthan, but the Congress government in the state decided to reverse the decision for maintenance and repairing of roads
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Tax collection misses target by wide margin; inches up 4.7% in Apr-Sep
Business | September 18, 2019 21:43 ISTAs against a steep 17.5 percent higher tax collection budgeted for the full year, the government could mop-up only 4.7 percent more so far this year, with the direct tax kitty growing to Rs 5.50 lakh crore as of September 17, up from Rs 5.25 lakh crore a year-ago.
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October collections keep falling at Rs 83,346 cr post GST rate cut
Business | November 27, 2017 23:17 ISTWith all but 50 items removed from the highest GST rate slab, collections in October fell to Rs 83,346 crore from over Rs 92,000 crore in September, official data showed on Monday.
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Direct tax collection rises 15% to Rs 4.39 lakh crore in April -October
Business | November 07, 2017 17:55 ISTThe government has collected Rs 4.39 lakh crore in direct taxes, up 15.2 per cent year-on- year, during the first seven months of the current fiscal.
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Direct tax collections rises 16% to 3.86 lakh crore in April-September: Finance Ministry
Business | October 11, 2017 19:10 ISTIndia's direct tax collections for April-September rose 15.8 per cent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said.
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GST revenue collection for August at Rs 90,669 crore
Business | September 26, 2017 21:00 ISTIndia's GST revenue collections for August stood at Rs 90,669 crore. GST mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs 92,283 crore.
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In Budget speech, FM redflags gap between income and tax collections
February 01, 2017 19:43 ISTFinance Minister Arun Jaitley presented the tax collection data to prove that we are largely a tax non-compliant society.
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Tax collections soared in April-Nov period despite note ban: Jaitley
January 09, 2017 16:19 ISTFinance Minister Arun Jaitley on Monday said that the tax collection has gone up in nine months from April 2016 to December 2016, indicating a robust gain despite demonetisation.
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Direct tax collection up by 10.6 pc, indirect tax up by 26.7 pc in Apr-Oct: Finance Ministry
November 10, 2016 7:37 ISTDirect tax collection was up by 10.6 per cent to Rs 3.77 lakh crore while the indirect tax collection jumped by 26.7 per cent to Rs 4.85 lakh crore during the April to October period this year
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As figures show shortfall, CBDT chief asks taxmen to ensure revenue collection targets are met
October 31, 2016 16:21 ISTCBDT has asked tax officials to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show an estimated shortfall of over Rs 14,000 crore.
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Tax collection in Delhi grew at 2.64 pc in 2014-15
India | June 25, 2015 6:44 ISTNew Delhi: Tax collection of Delhi government registered a growth of 2.64 per cent in 2014-15 down from 10.61 per cent in 2013-14, as per the Economic Survey tabled by the government today.As per the
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38 pc increase in tax collection in last 3 months: Arvind Kejriwal
Politics | June 16, 2015 22:54 ISTDelhi: Chief Minister Arvind Kejriwal today said his government has seen a 38 per cent increase in tax collection in the last three months, claiming that the earnings were even more than the Rs 1,700
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Indirect tax collection exceeds target by Rs 4,000 crore
April 02, 2015 16:19 ISTNew Delhi: The collection of indirect taxes has surpassed the revised estimates by Rs 4,000 crore to reach Rs 5.46 lakh crore for the fiscal ended March 2015, despite a slowdown in the manufacturing sector.The
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