Search For "tax collection"
Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years
Updated : 3 years, 2 months ago IST
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
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Gross Direct Tax collections for Financial Year 2022-23 register growth of
Updated : 3 years, 2 months ago IST
The figures of Direct Tax collections for the Financial Year 2022-23, as on December 17, 2022 show that net collections are at Rs.11,35,754 crore, compared to Rs. 9,47,959 crore in the corresponding period of the preceding Financial Year i.e FY 2021-22, representing an increase of 19.81 per
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Rapid growth of urbanisation in India not matched by urban infra developme
Updated : 3 years, 4 months ago IST
In the 'Report on Municipal Finances' by the Reserve Bank of India (RBI) released recently, it said while the size of the municipal budgets in India is much smaller than peers in other countries, revenues are dominated by property tax collections and devolution of taxes and grants from upper
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Direct tax collections till Nov 10 rise 31 pc to Rs 10.54 lakh crore
Updated : 3 years, 4 months ago IST
A Finance Ministry release said Direct Tax collections up to November 10, 2022 show that gross collections are at Rs. 10.54 lakh crore, which is 30.69 per cent higher than the gross collections for the corresponding period of last year.
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Direct tax collection grew 24 per cent so far this year
Updated : 3 years, 5 months ago IST
New Delhi [India], October 9 (ANI): The gross tax collection between April 1 and October 8 this year has jumped nearly 24 per cent, according to the Ministry of Finance.
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Government lowers borrowing target for 2022-23 by Rs 10,000 crore
Updated : 3 years, 5 months ago IST
New Delhi [India], September 29 (ANI): The government on Thursday lowered the market borrowing target for the current financial year by Rs 10,000 crore amid buoyancy in tax collections.
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Net direct tax collections rise 23 pc so far in 2022-23: CBDT
Updated : 3 years, 5 months ago IST
New Delhi [India], September 18 (ANI): Net direct tax collections so far this financial year are at Rs 700,669 crore, an increase of 23 per cent as compared to Rs 568,147 crore till the same period of the corresponding financial year, a Central Board of Direct Taxes statement said on Sunday.
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CBT reports 35.46 pc higher direct tax gross collection as compared to las
Updated : 3 years, 6 months ago IST
New Delhi [India], September 9 (ANI): Direct Tax collections up to September 8, 2022 show that gross collections of the year are at Rs. 6.48 lakh crore, which is 35.46 per cent higher than the gross collections for last year, said a press release by Central Board of Direct Taxes on Friday.
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Himachal's GST collections up 14 pc in August
Updated : 3 years, 6 months ago IST
Shimla (Himachal Pradesh) [India] September 2 (ANI): GST collections in Himachal Pradesh during August registered an increase of 14 per cent at Rs 398 crore.
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Govt revenue rises to Rs 7.85 lakh crore in April-July period
Updated : 3 years, 6 months ago IST
New Delhi [India], September 1 (ANI): The Government of India received Rs 7,85,914 crore revenue in April-July period of the current financial year, which is 34.4 per cent of the budgetary estimate for the fiscal, as per the official data released on Thursday.
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GST collections rise 28 pc year-on-year in August
Updated : 3 years, 6 months ago IST
New Delhi [India], September 1 (ANI): Goods and Services Tax collection for the month of August was recorded at Rs 143,612 crore, which is 28 per cent higher as compared to the same month last year but lower than Rs 148,995 crore collected in July.
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Gross tax collections this year 38 per cent higher than last year: CBDT Ch
Updated : 3 years, 6 months ago IST
New Delhi [India], August 26 (ANI): Gross tax collections this year are 38 per cent higher when compared with the previous year, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said on Friday.
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