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direct tax
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Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal
Gross direct tax mop-up grew 24 per cent to ₹15.67 lakh crore, net collection touched 79 per cent of Revised Estimates (RE) of direct tax collection for current fiscal, the CBDT said.
Published on Feb 11, 2023 02:19 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
Budget 2023: What is Direct Tax? Meaning, types and significance
Direct taxes play an important role in funding government spending and redistributing income in the economy. The term "direct" in Direct tax means that the tax liability falls on the person or entity earning the income or holding the wealth.
Published on Jan 24, 2023 07:36 PM IST
Gross direct tax revenue jumps nearly 24% this fiscal
Gross corporate income-tax (CIT) grew at 16.73% during this period, the growth in personal income-tax (PIT), including securities transaction tax (STT), was 32.30%, finance ministry said in a statement.
Updated on Oct 10, 2022 04:59 AM IST
Rajeev Jayaswal, New Delhi
Direct tax collection jumps 24% in first half of FY23
The gross collection of taxes on corporate earnings rose 16.74 per cent during April 1 to October 8, while personal income tax collection jumped 32.30 per cent, the tax department said in a statement.
Published on Oct 09, 2022 12:47 PM IST
PTI |
Direct tax kitty grows 30% to ₹8.36 lakh crore on higher advance tax mop-up
Gross collection of direct taxes for 2022-23 stands at ₹8,36,225 crore compared to ₹6,42,287 crore in the year-ago period, registering a growth of 30 per cent, the ministry said in a statement.
Published on Sep 18, 2022 05:10 PM IST
PTI |
