Tag: Tax collection

Net direct tax collection grows 24% to ₹8.77 lakh crore; nears 62% of Budget Estimates

Net direct tax collection grows 24% to ₹8.77 lakh crore; nears 62% of Budget Estimates

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File. | Photo Credit: Reuters The net direct tax collection grew 24% to ₹8.77 lakh crore in the April-November of the current fiscal, the Finance Ministry said on December 12. This represents 61.79% of the full-year Budget Estimates (BE) of direct tax collection for 2022-23 (April-March). “Direct tax collection net of refund stands at Rs […]

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

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

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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, […]

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