The Interim Budget estimate of 13.5% growth in gross tax revenue for FY20 on the back of a robust base of 17.2% growth in FY19 (revised estimate or RE) is somewhat too optimistic, says. Report in...
Feb 05, 2019
Finance secretary Hasmukh Adhia has said the government has crossed over the direct tax collection target for FY18. According to a note by the Ministry of Finance, the provisional figures of...
Apr 03, 2018
Net direct tax collections for the April-September period stand at Rs 3.86 lakh crore, which is 15.8 per cent higher than the collection of same period previous year. "Net direct tax...
Oct 12, 2017
The government has collected Rs 8.5 lakh crore as income tax on individuals and businesses, in 2016-17, according to an estimate by the income tax (I-T) department. The collection was 14.5...
Aug 08, 2017