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Direct tax collections exceed estimates; jump 18 pc to Rs 19 58 lakh cr

india’s net direct tax collections surged by a massive 17.7 per cent year-on-year to rs 19.58 crore in the fiscal year ended march 2024, surpassing even revised estimates by a wide margin, the tax department said on sunday. net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the budget estimates by rs 1.35 lakh crore (7.40 per cent) and the revised estimates by rs 13,000 crore. the government had raised the target for direct tax colle

Sanjay kumar agarwalUnion excise dutyDirect taxBudget estimateRevised estimatesDirect taxesNet corporate taxGross personal income taxSecurities transaction taxNet personal income taxFinancial yearDirect tax collections exceed estimates jump 18 pc to rs 19 58 lakh cr

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Exclusive for Subscribers from Monday to Friday: How Coral bleaching and Health insurance are relevant to the UPSC Exam? What significance do topics like Peru-based top potato research centre and direct tax collections have for the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for April 22, 2024.

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Tax: India s net direct tax kitty at Rs 19 58 lakh cr, exceeds revised estimates by Rs 13k cr

India s net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income levels. Gross direct tax collections (provisional) for FY 2023-24 rose 18.48% to Rs 23.37 lakh crore, with refunds totaling Rs 3.79 lakh crore.

Direct taxBudget estimateRevised estimatesDirect taxesNet corporate taxGross personal income taxSecurities transaction taxNet personal income tax

Direct tax collections exceed estimates in FY24; jump 18 per cent to Rs 19 58 lakh crore

Direct tax collections exceed estimates in FY24; jump 18 per cent to Rs 19 58 lakh crore
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New delhiDirect taxBudget estimateRevised estimatesDirect taxesNet corporate taxGross personal income taxSecurities transaction taxNet personal income taxWhatsapp channel

Direct Tax Collections Exceed Estimates In FY24; Jump 18 Pc To Rs 19 58 Lakh Crore

Direct Tax Collections Exceed Estimates In FY24; Jump 18 Pc To Rs 19 58 Lakh Crore
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Direct taxBudget estimateRevised estimatesDirect taxesNet corporate taxGross personal income taxSecurities transaction taxNet personal income tax