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Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Union government’s gross direct tax collections contracted 1.9% to ₹7.99 lakh crore in the current financial year 2025-26 up to August 11, 2025, according to data released by the Central Board of Direct Taxes. Higher refunds also meant that net collections contracted 3.9%…
Photo used for representation purpose only. Net direct tax collection grew 18.3% to about ₹11.25 lakh crore as of October 10 this fiscal, government data showed on Friday (October 11, 2024). The mop-up includes personal income tax collection of ₹5.98 lakh crore and corporate tax collection of ₹4.94 lakh crore. Securities Transaction Tax (STT) stood…
Read More “Net direct tax collection grows 18% to ₹11.25 lakh cr” »
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…
Read More “Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax” »
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…
Read More “Net Direct Tax Collections Rises 21.8% To Rs 9.57 Lakh Crore” »
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…
Read More “Direct tax collections rise 16% to ₹6.53 lakh crore till August 10 in FY24” »