E-PaperDirect Tax Collections News
Direct tax receipts rise 15.7% in April-November
During the first eight months of this fiscal, the income tax department issued Rs.1.23 trillion of refunds, which is 20.8% more than the amount refunded during the same period a year ago.
1 min read10 Dec 2018Direct tax collections surge 18% to cross Rs10 trillion mark in FY18: Arun Jaitley
Direct tax collections for FY 2017-18 has been Rs10,02,607 crore, 18% higher than previous year, says finance minister Arun Jaitley
1 min read3 Apr 2018Direct tax collection exceeds target in FY18
Direct tax collections in 2017-18 at Rs9.95 lakh crore, exceeded the revised budgetary target of Rs9.8 trillion
1 min read2 Apr 2018Budget 2018: Govt revises fiscal deficit target for FY19 to 3.3% of GDP
Finance minister Arun Jaitley revises his fiscal deficit target for 2018-19 to 3.3% of the GDP against the earlier target of 3%, after breaching the deficit target for 2017-18
1 min read1 Feb 2018India to be fastest growing economy again in 2018: World Bank
India is likely to regain the position in 2018 with growth expected to accelerate to 7.3% in the year, according to the World Bank's Global Economic Prospects
3 min read11 Jan 2018Direct tax collections rise 18.2% in April-December in breather for govt
Direct tax collections soars 18.2% in the first nine months of FY18 to Rs6.56 trillion, in a breather for the government struggling to meet the fiscal deficit target
2 min read10 Jan 2018Number of ITR filings for 2016-17 jumps 24.7% to 28.2 million
Income tax department attributes the 'substantial' increase in number of ITR filings to Operation Clean Money launched after demonetisation
2 min read8 Aug 2017CBDT to tax officials: Collection not satisfactory, pull your socks up
CBDT chairman Sushil Chandra directs income tax officials to tap various sources to improve revenue collection, noting that it is at present 'not satisfactory'
1 min read7 Jul 2017Direct tax collections grows at a slow pace
A slowing economy has impacted corporate profitability and tax collections. A higher outgo on refunds has also reduced the net tax collections
1 min read14 Feb 2015Advance tax payments indicate good quarter for banks
However, some firms, such as L&T, post lower advance tax payments, suggesting continued pressure on core sector firms
3 min read16 Dec 2014Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared