Tag: Net direct tax collection

Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax

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Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection grew 19.54% to over ₹5.74 lakh crore so far this fiscal on higher advance tax payment by corporates. The first instalment of advance tax, which was due on June 15, rose 27.34% to ₹1.48 lakh crore. This includes Corporation Income…

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Net Direct Tax Collections Rises 21.8% To Rs 9.57 Lakh Crore

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Refunds amounting to Rs 1.50 lakh crore have been issued from April 2023 to October 9, 2023. New Delhi: The net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the Finance Ministry said on Tuesday. The net collections…

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

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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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