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Income tax mop-up begins on strong footing, up 26.2% till date

Income tax mop-up begins on strong footing, up 26.2% till date

Net income tax collection till June 15 grew at a healthy 26.2 percent to Rs 1,01,024 crore from across the country as of June 15 from Rs 80,075 crore in the year ago period.

There will not be expenditure cut this year: Jaitley

Indirect tax collections have registered an increase of almost 36 percent in the first seven months of the current fiscal.

Revenue from taxes on diesel, petrol at Rs 75,441 cr in FY15

Revenue from taxes on diesel, petrol at Rs 75,441 cr in FY15

Government's revenue collection from taxes on petrol and diesel rose to Rs 75,441 crore in 2014-15, a rise of over 60 percent from 2012-13, Parliament was informed on Friday.

'Meeting fiscal deficit target of 4.1% looks challenging'

Meeting the budgeted fiscal deficit target of 4.1 percent of GDP for the current financial year looks "challenging", says Japanese brokerage firm Nomura.

Jaitley to meet IT official to review revenue collection

Among host of issues that pose a challenge to the revenue collection, official said, the FM would review the shortage of tax collection under Tax Deducted at Source (TDS) category.

Revenue collection expected to exceed target this fiscal: Jaitley

The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal.