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Tax Collections News

Tax Collections

17 Jun 2022

Net direct tax collections jump 45% till June 16 in 2022-23

The advance tax collections for the first quarter of 2022-23 stand at Rs 1,01,017 crore. The tax comprises corporation tax at Rs 78,842 crore and personal income tax at Rs 22,175 crore. The TDS collections for FY 2022-23 (as on June 16, 2022) stand at Rs 2,29,676 crore.

Tax Collections

18 Sep 2017

India eyes spending cuts as glitches in GST hit revenue

Tax receipts were about USD 7.8 billion in July - a little over half the monthly target - mostly because millions of firms failed to comply with the new Goods and Services Tax (GST) system that harmonises all state and central sales taxes but is still a work in progress.

GST GST revenue

30 Aug 2017

GST revenue hit Rs 92,283 cr in July, red line crossed: Arun Jaitley

India's maiden GST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying on Tuesday that taxes worth Rs 92,283 crore were collected in July from just 64.42 percent of the total taxpayer base.

#DeMonetisation

09 Jan 2017

Demonetisation: FM Jaitley dismisses slowdown concerns, says higher tax mop up indicates uptick in economic activity

Finance Minister Arun Jaitley on Monday said that the indirect and direct tax collections between April and December this year increased by 25 percent and 12.01 percent respectively compared to the same period last year.

31 Dec 2016

BSE, Nifty snap 2-week losing streak on bargain hunting

Snapping the last 2-week losing streak, BSE benchmark Sensex and CNX Nifty regained by 586 points and 200 points respectively on bargain hunting from domestic mutual funds despite selling from foreign funds.

05 Oct 2015

NDMC records highest collection of property tax in five years

The New Delhi Municipal Council (NDMC) has recovered a record property tax collection of over Rs 290 crore during the current financial year so far, the highest figure in the last five years.

Tax Collections

09 Sep 2015

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

25 May 2015

Higher tax collections to help improve fiscal deficit: Jaitley

Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.

25 May 2015

Squeeze parallel economy in a fair manner: FM to taxmen

Jaitley further said that improvement in tax collection will increase the ability of the government to step up spending on social and infrastructure projects.

25 May 2015

We expect a growth of 14-15% in direct tax collections: FM Jaitley

While addressing the conference he said that we have to bring tax rate at global level while t the same time removing the exemptions.

Direct Tax Collections

05 May 2015

Direct Tax collections marginally short of target in 2014-15

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

11 Dec 2014

Indirect tax collections rise 7.1% in April-November 2014

Indirect tax collections rose marginally by 7.1 percent in the April-November period to over Rs 3.28 lakh crore, mainly on account of increase in revenue from service tax and customs.

12 Nov 2014

Indirect tax collections rise 5.6% in Apr-Oct

Indirect tax revenues rose marginally by 5.6 percent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.

indirect tax collections

12 Sep 2014

Indirect tax collections up 4.6% in Apr-Aug

Indirect tax mop up inched up by 4.6 percent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.

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