Net Direct Tax Collections

Revenue boost: FY23 net direct tax collection exceeds Revised Estimate

Mop-up could help govt meet its fiscal deficit target

Net direct tax collections grow 18% to Rs 16.61 trn in FY23, exceeding RE

The net direct tax collections, which include taxes from individuals and corporations, have exceeded the BE by 16.97 per cent and RE by 0.69 per cent

Direct tax collection hits 95.2% of Revised Estimates for FY23

With this, tax collection is 95.2% of Rs 16.5 trillion RE

Gross direct tax mop-up grows 24% to Rs 15.67 trn, net collection rise 18%

Gross direct tax collections grew 24 per cent to Rs 15.67 lakh crore so far this fiscal, the finance ministry said on Saturday. After adjusting for refunds, the net direct tax collection stood at Rs 12.98 lakh crore, a growth of 18.40 per cent. The net collections are about 79 per cent of Revised Estimates (RE) of direct tax collection for current fiscal, the CBDT said. The revised estimates for the current fiscal pegged direct tax revenues at Rs 16.50 lakh crore, higher than the budget estimates of Rs 14.20 lakh crore. "The provisional figures of direct tax collections up to 10th February, 2023 continue to register steady growth. Direct tax collections up to 10th February, 2023 show that gross collections are at Rs 15.67 lakh crore which is 24.09 per cent higher than the gross collections for the corresponding period of last year," Central Board of Direct Taxes (CBDT) said in a statement. In the current fiscal (2022-23), the revenues from direct tax (which includes income and ...

At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10

The finance ministry issued refunds amounting to Rs 2.4 trillion till January 10

Advance tax mop-up grew 17% between Apr and Sep to Rs 2.95 trillion

Net direct tax collections (net of refunds) for the current financial year have grown at 23 per cent to over Rs 7 trillion between April 1 and September 17

At Rs 3.39 trillion, direct tax collection sees a 45% surge: CBDT

Advance tax by companies and individuals rises 33%

Net direct tax mop-up rises 45% to over Rs 3.39 trillion till mid-Jun

According to the IT Dept, reports, net direct tax was reported to have crossed 45% till mid-Jun. The CBDT has claimed that this is signficant increase compared to the preceding year.

At Rs 42,679 crore, advance tax collection up 48% in April-June quarter

Direct tax collection, net of refunds, stood at Rs 2.81 trn, according to initial estimates; advance tax collection for the period between April 1 and June 15 was Rs 42,679 cr

Net direct tax mop-up exceeds revised estimates at Rs 9.45 trillion in FY21

The government also issued 41 per cent higher refunds compared to last year.

Ray of hope: In a surprise, personal tax mop-up rises 2.5% in FY21

6% fall in corporation tax due to Covid-related issues

Direct tax collections from Mumbai dip 13%, a double-digit fall in 10 years

It had declined by slightly over 4% in December. The city contributes 37% to the total direct tax revenues

India's net direct tax collection rises 18% to Rs 10.03 trillion

The growth was the fastest in seven fiscal years

Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep

An amount of Rs 1.77 lakh crore has been received as advance tax up to September 30, 2017

Net direct tax collections grow 16% to Rs 3.86 lakh cr in April-Sept

An amount of Rs 1.77 lakh crore has been received as advance tax up to September 30, 2017