direct tax collection

Direct tax kitty grows 19% to Rs 6.95 lakh crore in Apr-Jan period

Direct tax kitty grows 19% to Rs 6.95 lakh crore in Apr-Jan period

Collections for Corporate Income Tax showed a growth of 19.2% and that for Personal Income Tax came at 18.6%.

Feb 09, 2018, 21:23 PM IST
Direct tax collection up 15.2% in April-October

Direct tax collection up 15.2% in April-October

Refunds totalling Rs 89,507 crore had been made during April-October 2017.

Nov 07, 2017, 20:07 PM IST
Direct tax collection grows 21% till mid-July FY'18

Direct tax collection grows 21% till mid-July FY'18

The government has collected over Rs 1.80 lakh crore in direct tax till July 15 in the current fiscal, an increase of 21.4 pre cent year-on-year, "belying" fears of slowdown in economic activities.

Aug 01, 2017, 17:51 PM IST
Income tax collection from Mumbai falls below target in FY17

Income tax collection from Mumbai falls below target in FY17

The Mumbai income tax zone, which contributes a third of the nationwide direct tax collection, has missed the revenue mop-up target for FY17 by a whisker, a department official has said.

Apr 09, 2017, 17:03 PM IST

Monitor tax collection to meet target by Mar 31: CBDT to taxman

The CBDT has directed the Income Tax department to "scrupulously" monitor tax collection, which it said is slightly less than the target even as the current financial year is nearing an end.

Mar 07, 2017, 17:11 PM IST
Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Government's revenue collection from indirect tax grew by an impressive 23.9 percent during the April-January period, while that from direct tax rose by 10.79 percent.

Feb 10, 2017, 15:16 PM IST

CBDT to taxman: Step up TDS survey ops to boost collections

With the current financial year inching towards closure, CBDT has directed the taxman to step up survey operations to check non-deduction of TDS by firms and employers, especially in cases where such payments have dropped by more than 15 percent as compared to last time.

Feb 10, 2017, 13:06 PM IST
Indirect tax mop-up grows 26.2%, direct tax up 15.12% in April-November

Indirect tax mop-up grows 26.2%, direct tax up 15.12% in April-November

Government's revenue collection in April to November saw indirect tax-mop up growing at an impressive 26.2 percent while that of direct tax came in at 15.12 percent.

Dec 09, 2016, 20:37 PM IST
Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.

Jul 08, 2016, 18:41 PM IST
Direct tax collection at Rs 5.47 lakh crore till Feb 13

Direct tax collection at Rs 5.47 lakh crore till Feb 13

Total collection from direct taxes stood at Rs 5.47 lakh crore as on February 13, which is 68.7 percent of the budget target for the fiscal.

Feb 22, 2016, 20:19 PM IST

Government asks top taxmen to ideate for widening tax base

The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.

Jun 14, 2015, 13:08 PM IST

Direct Tax target of Rs 7.98 lakh cr for FY'16 achievable: Das

The Direct Tax collection target of Rs 7.98 lakh crore for the current financial year is likely to be met on account of improvement in economic growth, government said on Monday.

May 25, 2015, 18:35 PM IST

Government misses tax collection target by Rs 2,288 cr in FY15

Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 cr.

May 17, 2015, 18:17 PM IST

Direct tax collection falls short by Rs 19,028 cr in FY15

Initial numbers suggest that direct tax collection is short of the revised target by over Rs 19,028 crore, but the Income Tax Department is hopeful of meeting the target once figures from across the country come.

Apr 06, 2015, 20:59 PM IST

Govt's direct tax collection to miss revised target for FY15

Government's direct tax mop-up is set to miss the revised target for the 2014-15 fiscal as the collection so far has been only about Rs 6,30,000 crore, an I-T department official said.

Mar 31, 2015, 16:09 PM IST

Direct tax collections up 11.38% in Apr-Jan FY'15

Direct tax collections increased by 11.38 percent to Rs 5.78 lakh crore during the April-January period of current financial year.

Feb 13, 2015, 18:13 PM IST

Direct tax collections up 13% in 9 months of FY'15

The direct tax collection during the first nine months of the current fiscal increased by 12.93 percent to Rs 5.46 lakh crore over the same period a year ago.

Jan 23, 2015, 18:50 PM IST

Direct tax collection on rise: FM

Reasonable tax rates lead to voluntary compliance in paying taxes and government has means like search and seizure to make people pay their dues, the Lok Sabha was informed on Friday.

Jul 25, 2014, 16:27 PM IST

Direct tax collection up 12.33% in Apr-Dec at Rs 4.81 lakh cr

Amid a slowing economy, gross direct tax collections rose 12.33 percent to Rs 4.81 lakh crore during the first nine months of this financial year.

Jan 06, 2014, 15:14 PM IST

Net direct tax collection up 13.7% till Dec 20 in FY'14

Amidst a slowdown in the economy, the net direct tax collection has risen by 13.7 percent to Rs 4.12 lakh crore till December 20 of current fiscal.

Dec 21, 2013, 15:39 PM IST

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