Tag: direct tax

Direct tax mop-up grows 16% to over ₹6.51 lakh crore so far in FY27

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Direct tax mop-up grows 16% to over ₹6.51 lakh crore so far in FY27

Representative image. | Photo Credit: Getty Images/iStockphoto Net direct tax collection grew 16.40% to over ₹6.51 lakh crore till July 13 this fiscal, driven by higher corporate tax mop-up, government data showed on Tuesday (July 14, 2026). Net corporate tax collection rose 22% to ₹2.40 lakh crore, and mop-up from net non-corporate tax (NCT), which…

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Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

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Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

Share of personal income tax and indirect tax shows increase Over the last week, during the election campaign, the Congress’ manifesto and the party’s emphasis on social justice and welfare were suddenly thrust into the limelight. Prime Minister Narendra Modi sought to give the Congress’ demand for a caste census and its plans to study…

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Direct tax collections rise 16% to ₹6.53 lakh crore till August 10 in FY24

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Direct tax collections rise 16% to ₹6.53 lakh crore till August 10 in FY24

Image used for representational purpose only. | Photo Credit: S. Siva Saravanan Gross direct tax collection grew 15.73% to ₹6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said on August 11. Net direct tax collection after adjusting refunds stands at ₹5.84 lakh crore, which is 17.33% higher than the…

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