Search For "tax collection"
Direct tax collections 24 pc higher at Rs 8.1 lakh crore
Updated : 1 year, 7 months ago IST
The gross direct tax collections by the government so far in 2024-15 were 24 per cent higher on a yearly basis at Rs 8.13 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed on Monday. During the same period last year, the gross tax collections were Rs 6.55 lakh cror
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PoGB: Sit-in protest intensifies, traders demand immediate tax relief
Updated : 1 year, 7 months ago IST
Traders in Pakistan-occupied Gilgit-Baltistan have ramped up their sit-in protests at Sost Dry Port, demanding the implementation of court orders that stopped tax collection by customs officials, local digital media outlet Voicepk.net reported.
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April-June 2024 figures suggest fiscal deficit at Rs 1.4 tn Vs Rs 4.5 tn (
Updated : 1 year, 7 months ago IST
India's fiscal deficit reduced to Rs 1.4 trillion during April-June 2024, down from Rs 4.5 trillion reported in the same period last year, according to a report by Anand Rathi Equity, a financial services company.
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PoGB traders continue protest, demand end to tax collection
Updated : 1 year, 7 months ago IST
The border trade between Pakistan and China remains halted as traders have extended their sit-in protest into its fourth day, according to Pamir Times. Protesters in the Sost village of the upper Hunza region of Pakistan-occupied Gilgit-Baltistan are advocating for an end to tax collectio
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Income tax-biggest revenue category; corporate tax now behind even GST: An
Updated : 1 year, 8 months ago IST
Personal income tax now accounts for nearly 30 per cent of gross tax collection, emerging as the government's largest resource mobiliser.
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Middle class bearing more weight of heavy taxation than corporates: Jairam
Updated : 1 year, 8 months ago IST
He also criticised the 2019 move of the Centre to reduce corporate tax rates and said that it didn't trigger private investment as was being anticipated, instead private investment has fallen from 35 per cent under UPA rule to under 29 per cent today.
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Robust net direct tax collection in FY25, (upto July 11) up 19.54 per cent
Updated : 1 year, 8 months ago IST
The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department.
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Pak grapples with flour paucity amid millers' strike
Updated : 1 year, 8 months ago IST
Chairperson of PFMA, Asim Raza said that the measure has made flour mills withholding agents for tax collection. He said the tax is expected to increase flour prices by Pakistani Rupees (PKR) 8 per kg
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Ministry of Finance: Direct tax collections for FY 2024-25 surge by over 2
Updated : 1 year, 8 months ago IST
According to a press release by the Ministry of Finance, these figures underscore the country's strong economic performance and a healthy tax compliance environment.
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FY24 net direct tax collections exceed budget estimation by 7.4%
Updated : 1 year, 10 months ago IST
The gross direct tax collections for the Financial Year (FY) 2023-24 in India reached Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in FY 2022-23, reflecting an increase of 17.70 per cent.
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Pakistan: Curbing illicit tobacco trade a key condition for funding by IMF
Updated : 1 year, 11 months ago IST
Experts said Pakistan has a strategic window to meet International Monetary Fund (IMF) conditions, boost tax collection, and notably increase the tax-to-GDP ratio by curbing illicit trade in the tobacco sector, The Express Tribune reported.
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Gross Direct Tax collections for financial year 2023-24 register growth of
Updated : 1 year, 12 months ago IST
The provisional figures of Direct Tax collections for the financial year 2023-24 (as on March 17, 2024) show that net collections are at Rs. 18,90,259 crore, compared to Rs. 15,76,776 crore in the corresponding period of the preceding financial year 2022-23, representing an increase of 19.88
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