Net direct tax growth for 2022-23 to slow to 15%

Net direct tax growth for 2022-23 to slow to 15%

Net personal income tax collections were growing at a faster 20.7% pace compared to corporate income tax flows, that were up 13.62% over the first eleven months and ten days of this fiscal year. File  | Photo Credit: The Hindu India’s net direct tax collections growth, that stood at about 17% for this year by early […]

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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

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 […]

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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

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 […]

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