Search For "tax collection"
India and France sign the Amending Protocol to amend the India-France Doub
Updated : 2 weeks, 5 days ago IST
During the recent visit of the France President to India, the Indian Government and the Government of the French Republic have signed a Protocol amending the India-France Double Taxation Avoidance Convention, signed on 29 September 1992 ('India-France DTAC'). The Amending Protocol was signed
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Net direct tax collections spike by 9.40% in FY26
Updated : 1 month ago IST
According to official data, gross direct tax collections stood at Rs 22,78,068.60 crore, marking a 4.09 per cent increase over Rs 21,88,554.86 crore collected during the same period last year
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Reducing fiscal deficit without weakening growth to be key focus for Budge
Updated : 1 month, 2 weeks ago IST
India's fiscal deficit is budgeted at 4.4% of GDP in FY26, and policymakers are expected to signal a further consolidation to around 4.0% in FY27, EY said. However, slower-than-expected nominal GDP growth and subdued tax collections have narrowed the room for manoeuvre.
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Govt's tax collections remain weak in FY26 so far, likely to improve in FY
Updated : 1 month, 2 weeks ago IST
The central government's tax collections have remained weak so far in the ongoing financial year 2025-26 (FY26), with growth significantly lower than budgeted estimates, but the situation is expected to improve in the next financial year, FY27, according to a report by CareEdge Ratings.
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"Bigger pie, smaller slice for Tamil Nadu": Congress' Manickam Tagore flag
Updated : 1 month, 2 weeks ago IST
Giving percentage of funds shared from the Union budget, Tagore said that during 2004-2014, under the United Progressive Alliance (UPA), Tamil Nadu received 5 per cent of the Union budget's pool, whereas from 2014-2025, the state only got around 4.08 per cent. This is despite the fact tha
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Budget likely to be inward-looking amid global uncertainty: Ashika Group C
Updated : 1 month, 2 weeks ago IST
Speaking with ANI on the expectations from the Union Budget 2026, Arora said, "From a duty standpoint, there could be some tweaking that happens on the customs duty. We may have to make concessions on goods coming in from the United States and provide concessions as well. So there will be
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India's net direct tax collections in FY26 rise, grow 8.82% to Rs 18.38 la
Updated : 2 months ago IST
India's net direct tax collections for the financial year 2025-26 have recorded a strong growth of 8.82 per cent, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Inco
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Experts say GST collections show resilience after rate cuts; point to stab
Updated : 2 months, 1 week ago IST
The Goods and Services Tax (GST) data of December 2025 reflects resilience in India's tax collections despite steep rate cuts earlier in the year, with imports, steady domestic demand and higher refunds shaping the overall revenue picture, stated experts reacting positively to the GST num
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GST 2.0 played key role in supporting domestic consumption, economic growt
Updated : 2 months, 3 weeks ago IST
The impact of GST 2.0 was reflected quickly in tax collections and consumption indicators. Gross GST collections rose to Rs 1.96 trillion in October 2025, registering a 4.6% year-on-year increase, after the new tax structure came into effect.
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Gross direct tax collections rise 4.16% to ₹20 lakh crore in FY26 so far,
Updated : 2 months, 3 weeks ago IST
India's direct tax collections, in gross terms, have witnessed a robust growth of 4.16 per cent year-on-year so far in 2025-26, reaching Rs 20 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed Friday.
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Direct tax collections for FY 2025-26 register 7% growth as of November 10
Updated : 4 months ago IST
The provisional figures of Direct Tax collections up to 10th November, 2025 show that net collections stand at Rs 12.92 lakh crore, compared to Rs 12.08 lakh crore in the corresponding period of the preceding financial year, representing a growth of 7.00 per cent.
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Higher dividend by RBI is likely to offset revenue loss due to GST rationa
Updated : 4 months, 1 week ago IST
The net revenue shortfall arising from the recent Goods and Services Tax (GST) rationalisation, estimated at around 0.1 per cent of GDP for the current fiscal, is expected to be offset by the higher dividend transfer from the Reserve Bank of India (RBI), noted a report by CareEdge Ratings.
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