Tag: Net direct tax collection

Net direct tax mop-up falls nearly 4% to ₹6.64 lakh crore this fiscal on higher refunds

Net direct tax mop-up falls nearly 4% to ₹6.64 lakh crore this fiscal on higher refunds

cpooldigitalLeave a Comment on Net direct tax mop-up falls nearly 4% to ₹6.64 lakh crore this fiscal on higher refunds

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection dipped 3.95% to ₹6.64 lakh crore so far this fiscal, mainly on account on higher refunds, according to government data released on Tuesday (August 12, 2025). Direct tax includes taxes on income paid by companies, individuals, and by professionals, and […]

Continue Reading
Net Direct Tax collection dips 1.39% to ₹4.59 lakh crore in April-June

Net Direct Tax collection dips 1.39% to ₹4.59 lakh crore in April-June

cpooldigitalLeave a Comment on Net Direct Tax collection dips 1.39% to ₹4.59 lakh crore in April-June

Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. File | Photo Credit: Special arrangement Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the mop-up during the corresponding period of last fiscal, as advance tax collections slowed, government data […]

Continue Reading
Net direct tax collection reaches ₹13.73 lakh crore, 83% of revised estimate for FY23

Net direct tax collection reaches ₹13.73 lakh crore, 83% of revised estimate for FY23

cpooldigitalLeave a Comment on Net direct tax collection reaches ₹13.73 lakh crore, 83% of revised estimate for FY23

Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection so far this fiscal grew 17% to reach ₹13.73 lakh crore, which is 83% of the revised target for the full financial year, the Central Board of Direct Taxes (CBDT) said on March 11. The growth in direct tax mop-up, which […]

Continue Reading
Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

cpooldigitalLeave a Comment on Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

The uptick in net Personal Income Tax collections continued to outstrip Corporate Income Tax flows, rising 20.73% year-on-year compared to a 13.62% increase in the latter. File | Photo Credit: The Hindu India’s net direct tax kitty had risen 16.8% to touch ₹13.73 lakh crore by Friday, reflecting a slight dip in growth over the […]

Continue Reading
Net Direct Tax collections up by 30%, says Finance Ministry

Net Direct Tax collections up by 30%, says Finance Ministry

cpooldigitalLeave a Comment on Net Direct Tax collections up by 30%, says Finance Ministry

Gross Corporate Income Tax (CIT) inflows grew 25.95% and revenues from Personal Income Tax (PIT) and the Securities Transaction Tax are up 44.37%. Gross Corporate Income Tax (CIT) inflows grew 25.95% and revenues from Personal Income Tax (PIT) and the Securities Transaction Tax are up 44.37%. India’s gross Direct Tax collections up to September 8, […]

Continue Reading