Search For "tax collections"
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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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, 1 week 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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India's direct tax collections surge 15.6% to Rs 27 lakh crore in 2024-25
Updated : 10 months, 3 weeks ago IST
India's direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 lakh crore in the financial year 2024-25, data released by the Central Board of Direct Taxes (CBDT) showed. In 2023-24, it was Rs 23.38 lakh crore.
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"State's financial status is empowered": Karnataka Home Minister G Parames
Updated : 11 months, 1 week ago IST
Karnataka Home Minister G Parameshwara claimed that the financial status of the State is empowered and ranks second across the country in investment and Goods and Services Tax collections.
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India's direct tax collections surge 16.2% to Rs 25.9 lakh crore as of Mar
Updated : 12 months ago IST
India's direct tax collections have witnessed a robust growth of 16.15 per cent year-on-year, reaching Rs 25.86 lakh crore in the financial year 2024-25 (as of March 16, 2025), as per the latest data released by the Central Board of Direct Taxes (CBDT).
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"Worst seems to be behind," Indian economy shows signs of recovery: BNP Pa
Updated : 1 year ago IST
The challenging time which persisted due to the contraction of the economic growth seems to be over, as new orders, agri exports, rural wages, Index of Industrial Production (IIP), steel production, auto sales and tax collections have picked up after a weak third quarter calendar year 2024,
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India's direct tax collections surge 19.06 pc YoY to Rs 21.88 lakh cr as o
Updated : 1 year, 1 month ago IST
India's direct tax collections have witnessed a robust growth of 19.06 per cent year-on-year (YoY), reaching Rs 21.88 lakh crore in the financial year 2024-25 (up to February 10, 2025), as per the latest data released by the Income Tax Department.
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Government's Tax collections to stay strong in FY26, net tax revenue estim
Updated : 1 year, 1 month ago IST
The government's tax collections are expected to remain healthy in the financial year 2025-26 (FY26), according to a report by CareEdge Ratings.
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