Direct Tax Collection

Union Budget 2019: Direct taxes form about 50% of govt's revenue; help curb inflation, maintain socio-economic balance

Direct taxes are considered to be very productive, the reason being, as the working population and community grow, so do the returns from direct taxation.

Direct tax collection exceeds target in FY19, pegged at Rs 13.80 lakh cr in FY20; mop-up from customs crosses target

As per the 2019-20 Budget estimates, out of the Rs 13.80 lakh crore direct taxes, the government aims to raise Rs 7.60 lakh crore from corporate tax and Rs 6.20 lakh crore from PIT.

CBDT chief says I-T return filing up 50% this year; expresses confidence to meet direct tax collection target

Demonetisation has been very good for increasing the tax base of the country due to which the I-T return filings increased to 6.08 crore, a 50 percent rise, he said.

Net direct tax collection grows 15.7% to Rs 4.89-lakh cr till third week of October: CBDT

Rs 4.89-lakh cr accounted for 42 percent of the full-year direct tax collection target of Rs 11.5 lakh crore for the fiscal ending 31 March, 2019

Direct tax collection rises 19.5% to Rs 7.44 lakh cr in April-February period: Finance ministry

The Direct Tax collection has risen 19.5 percent to Rs 7.44 lakh crore in the April-February period of the current fiscal, buoyed by a strong pick up in corporate tax

Direct tax revenue kitty grows 19% in Apr-July to Rs 1.90 lakh crore, says finance ministry

In 2016-17, the government collected over Rs 8.49 lakh crore in direct taxes, 14.5 percent higher than the previous year.

Income tax returns filing for 2016-17 grows 25%, govt claims it is demonetisation impact

The growth in ITRs filed by individuals is 25.3 percent with over 2.79 crore returns having been received up to 5 August as against over 2.22 crore returns filed in the corresponding period last fiscal.

Net direct tax collection rises 14.8% to Rs 1.42 lakh cr in Q1, 5.2% drop in refunds

The net direct tax collection represents 14.5 percent of the total Budget Estimates of direct taxes (Rs 9.8 lakh crore) for 2017-18,

World Bank maintains India's economic growth outlook at 7.5% for FY16

Multilateral lending agency expects 7.8% in 2016-17 and 7.9% in 2017-18

Four graphics that explain why 7.4% GDP growth appears unrealistic

Experts, however, are not buying the new estimate on the face value; here are four graphics that explain why.