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Direct tax collections shoot past budget target by Rs 1.35 lakh crore in 2023-24

The net direct tax collections for the financial year 2023-24 have clocked a double-digit growth to exceed the Union Budget Estimates (BE) by Rs 1.35 lakh crore or 7.4 per cent reflecting the strong fiscal position of the country ....

New Delhi , Union Budget Estimates , Union Budget , Central Board , Direct Taxes , Revised Estimates , Direct Tax , Gross Corporate Tax , Net Corporate Tax , Gross Personal Income Tax , Net Personal Income Tax , Finance Ministry , Direct Tax Collections , Budget Target ,

Direct tax collections top revised estimates

NEW DELHI: Net direct tax collections rose 17. ....

Central Board , Direct Taxes , Revised Estimates , Net Direct Tax , Income Tax , Fiscal Deficit , Direct Tax Collections ,

Net direct tax collections surge 17.7% YoY to Rs 19.58L cr in FY24

India s FY 2023-24 net direct tax collections of ₹19.58 lakh crore exceeded estimates, aiding fiscal deficit target achievement. Corporate and personal income tax growth contributed to the positive outcome. ....

Sumit Singhania , Sanjay Kumar Agarwal , Direct Tax Collections Surge , Central Board , Indirect Taxes , Direct Tax Collections , Net Direct Tax , Fiscal Year , Income Tax , Fiscal Deficit ,

Jagdeep Dhankhar: Potential taxpayers need to be informed about advantages of being part of formal economy: V-P

Vice President Jagdeep Dhankhar has called for an increase in the number of taxpayers, emphasizing that it should be achieved through counseling rather than invasive actions. He highlighted the positive impact of citizen-centric initiatives on people s confidence in tax administration. Dhankhar noted a three-fold rise in direct tax collections and a nearly two-and-a-half times increase in the number of individuals filing income tax returns over the last decade ....

Indian Revenue Service , Income Tax Department , Vice President Jagdeep Dhankhar , Jagdeep Dhankhar , Informal Economy , Tax Administration , Income Tax Returns , Direct Tax Collections ,

The big tax growth the finance minister spoke of isn't reflecting in the interim budget's estimates

The interim budget’s projections for FY25 are rather modest. It expects direct tax collections to grow 13.1%, which is more or less the same as the pre-covid trend ....

Union Budget , Budget Estimate , Central Board , Direct Taxe , Finance Minister Nirmala Sitharaman , Finance Minister , Nirmala Sitharaman , Direct Tax Collections , Budget 2024 , Interim Budget , Interim Budget Estimates , Gross Tax Revenue , Tax Buoyancy ,