Search For "tax collection"
Direct tax collections rise 2.36% in FY26 so far; Corporate Tax leads grow
Updated : 5 months ago IST
The gross direct tax collection of the Central government has increased by 2.36 per cent so far in the current financial year (as of October 12, 2025), compared to the same period last year, according to data released by the Income Tax Department.
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"Central Govt's GST simplification in wake of Bihar elections will cause l
Updated : 5 months, 1 week ago IST
Speaking to the media at his residence, the chief minister said, "the central government implemented the GST in 2017 and fixed the GST rate. Will the central government, which has collected higher rates for the last eight years, return that money? The center is busy patting itself on the
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IMF raises concerns over Pakistan's missed tax goals, delayed legal settle
Updated : 5 months, 1 week ago IST
The International Monetary Fund (IMF) expressed serious concerns over Pakistan's failure to meet tax collection targets and the ongoing delay in resolving tax-related court cases amounting to over PKR 170 billion, currently pending before the Constitutional Bench of the Supreme Court, The Ex
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Failure to publish the IMF report exposes Pakistan's governance gaps
Updated : 5 months, 1 week ago IST
Pakistan missed the IMF deadline to release its Governance and Corruption Diagnostic Report, delaying key judicial and governance reforms. While most fiscal targets were met, issues with SOEs, tax collection, and provincial cash surpluses remain. Despite shortcomings, the IMF programme is se
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Personal income tax collection overtakes corporate tax: Report
Updated : 6 months, 2 weeks ago IST
Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Secu
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Direct tax collections dip 3.95% due to rise in tax refunds
Updated : 7 months ago IST
India's net direct tax collections for FY 2025-26 stood at Rs 6.64 lakh crore as on August 11, down 3.95 per cent from Rs 6.91 lakh crore collected during the same period last year, Income Tax Department data shows.
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GST not only increased tax payers base but also lowered tax evasion over p
Updated : 7 months, 1 week ago IST
After the implementation of GST in the country the tax payers base has increased and tax evasion reduced, according to a research report by Bank of Baroda.
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Five states account for nearly 50% of active GST taxpayers; UP leads: SBI
Updated : 7 months, 1 week ago IST
This indicates a significant concentration of tax registration in a handful of states, highlighting the scope for improvement in others.
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Digital infrastructure transforms India's tax administration, refunds surg
Updated : 8 months ago IST
India's tax administration has undergone a dramatic transformation over the past decade, with taxpayer refunds growing at nearly double the pace of tax collections, Ministry of Finance sources told ANI.
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Direct tax collections surge 3.2% to Rs 6.64 lakh crore by far in 2025-26
Updated : 8 months ago IST
India's direct tax collections, in gross terms, have witnessed a robust growth of 3.2 per cent year-on-year so far in 2025-26, reaching Rs 6.64 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed. In 2024-25 same period, it was Rs 6.44 lakh crore.
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Delhi's Fuel Ban on old vehicles to boost automakers, and government reven
Updated : 8 months, 3 weeks ago IST
Delhi's fuel ban on diesel vehicles older than 10 years and petrol vehicles older than 15 years from July 1st, 2025, is likely to deliver Rs 4.5 Lakh Crore of gain to auto companies, auto importers, and government tax collections, according to a recent report by the Global Trade Research Ini
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Direct tax collections rise 4.86% in FY26 so far, net collections dip on h
Updated : 8 months, 3 weeks ago IST
India's gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about Rs 5.45 lakh crore as of June 19, compared to about Rs 5.19 lakh crore collected during the same period last year, according to data released by the Income Tax Department.
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