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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Direct tax collection up 13% in Apr-Nov at Rs 3.68 lakh cr

Amid slowing economy, the gross direct tax collection has risen only by 13.18 percent to Rs 3.68 lakh crore during the April-November period of 2013-14 fiscal.

Direct tax collection up 11.58% in Apr-Oct at Rs 3.37 lakh cr

Amid slowing economy, the gross direct tax collection has risen only by 11.58 percent to Rs 3.37 lakh crore during the April-October period of 2013-14 fiscal.

Direct tax collection rises by 10.66%

Gross collection from direct taxes that include personal income tax and corporate taxes, increased by 10.66 percent to Rs.3,01,250 crore in April-September period of this year as compared to Rs.2,72,221 crore recorded in the same period last year, government data showed Tuesday.