Tax Collection | The Asian Age

Tuesday, Apr 23, 2024 | Last Update : 11:34 AM IST

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Finance Minister Arun Jaitley. (Photo: ANI)

Arun Jaitley reels out numbers to defend demonetisation

Finance Minister in a Facebook blog cited widening of the taxpayer base to justify the November 2016 cash cull.

01 Sep 2018 10:44 AM

Telangana registered the highest revenue growth in the country. (Photo: PTI).

19.83 per cent growth in revenue collections in Q1 of this fiscal

In the first quarter of the 2017-18 fiscal, the state achieved revenue of Rs 13,374.25 crore.

07 Jul 2018 11:51 AM

States are likely to gain an additional Rs 37,426 crore in revenue in the current fiscal on the back of surge in oil prices and better tax collection due to the GST, says a report.

Higher oil, GST may boost states revenue by Rs 37,400 cr in FY 2019

The tax revenue of the states has gone up in FY18 due to increased tax compliance and broader tax base.

15 Jun 2018 4:18 PM

The government mobilised Rs 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18.

Govt collects Rs 7.41 lakh cr from GST in FY18

The average monthly collection has been Rs 89,885 crore during the August-March period.

27 Apr 2018 12:04 PM

The gross collections, before adjusting for refunds, rose 14.5 per cent to Rs 8.83 lakh crore during 11 month period of the current financial year. Refunds amounting to Rs 1.39 lakh crore have been issued till February.

Direct tax collection rises 19.5 per cent in February

The growth rate for net corporate tax collections stood at 19.7 per cent while for personal income tax is 18.6 per cent.

09 Mar 2018 12:31 AM

Direct tax collection rises 19.5 pc to Rs 7.44 lakh cr in April-Feb

Net direct tax collection represents 74.3 pc of Rs 10.05 lakh cr as per revised estimates given in Union Budget 2018-19.

08 Mar 2018 4:57 PM

GST embodies and heralds a radical alteration and enlargement in the understanding of the Indian economy. (Photo: PTI/Representational)

50 pc increase in indirect taxpayer base post GST: Economic Survey

GST collections in July was over Rs 95,000 crore, while in August figure was over Rs 91,000 crore.

29 Jan 2018 3:36 PM

According to a report in NDTV, megastar Kamal Haasan's well-admired column in ‘Ananda Vikatan’ magazine was a caustic observation of the Centre’s tax collection procedure. (Photo: File)

Like Kalam, I too dream of a good TN: Kamal Haasan on Dravidian principle

Haasan also said, a celebration of ‘Dravidian’ all across South India and not just in TN will help them 'speak in chorus with Delhi.'

18 Jan 2018 3:13 PM

Gross collections (before adjusting for refunds) have increased by 13.5 per cent to Rs 8.11 lakh crore during April, 2017 to January 15, 2018.

Direct tax mop-up jumps 19 pc to Rs 6.89 lakh cr this fiscal

Collections till January 15, 2018 represent over 70 pc of Rs 9.8 lakh crore revenue target from direct taxes.

17 Jan 2018 5:32 PM

In the corresponding period of the last fiscal, I-T collections had been Rs 25,500 crore against a target of Rs 35,500 crore for 2016-17. (Photo: PTI)

I-T collection up 13 pc in Bengal and Sikkim in April-January

Target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now.

11 Jan 2018 12:44 PM

Gross collections (before adjusting for refunds) have increased by 12.6 per cent to Rs 7.68 lakh crore during April to December, 2017.

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

09 Jan 2018 12:05 PM

Net direct tax collections represent 49 per cent of total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).

Direct tax collections rise 14 pc to Rs 4.8 lakh cr in Apr-Nov

Gross collections have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017.

09 Dec 2017 5:13 PM

Last date for payment of GST as well as filing of GSTR 3B return for the month of August was September 20, 2017. (Phtoto: Representational/PTI)

GST mop-up at Rs 90,669 crore in August

GST mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs 92,283 crore.

26 Sep 2017 8:31 PM

A steep fall in advance tax payouts by bad loan-saddled state-run banks has led to a muted 10.6 per cent growth in overall revenue mop-up from large corporates in September quarter. (Photo: Representational/PTI)

NPA-laden PSU banks crimp advance tax mop-up at 10.6 per cent

The tax department has asked its officials to keep a close vigil on the forthcoming quarterly results by large corporates.

19 Sep 2017 6:33 PM

India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government’s budget calculations, two finance ministry officials said. Photo: PTI

India eyes spending cuts as glitches in GST hit revenue

Economic growth, could take a further hit if the public spending that largely underpinned expansion were to be slashed.

18 Sep 2017 8:22 PM

The direct tax collection had grown 15.03 per cent to Rs 1.89 lakh crore.

Direct tax revenue grows 17.5 pc to Rs 2.24 lakh cr in Apr-Aug

The government estimates to collect Rs 9.80 lakh crore from direct taxes in the current fiscal.

11 Sep 2017 7:44 PM

The implementation of GST and increased surveillance post demonetisation will help increase the tax-GDP ratio to 11.9 per cent by 2019-20, said the government. (Representational Image)

GST, surveillance post note ban to fuel growth of tax-GDP ratio

The government has budgeted for over Rs 19.06 lakh crore from taxes in 2017.

10 Aug 2017 5:11 PM

At the national level, direct tax collections in 2016- 17 stood at Rs 8.47 trillion, up 14.2 per cent over the the last fiscal.

Tax collection from Mumbai falls below target in FY17

Mumbai zone has missed the target of Rs 2.79 trillion for fiscal 2017 by a wafer-thin margin.

09 Apr 2017 11:56 AM

Indirect tax collection till March 2017 is 101.35 per cent of the RE for 2016-17 fiscal.

Govt exceeds FY17 tax collection target at Rs 17.10 lakh crore

Direct tax mop up during the April-March period grew 14.2 per cent at Rs 8.47 lakh crore.

04 Apr 2017 12:14 PM

The amendment, along with other changes, were approved by the Lok Sabha yesterday.

Govt removes 1 pc TCS on cash purchase above Rs 2 lakh

Jaitley made cash transactions above Rs 2 lakh punishable by a fine of an equivalent amount.

23 Mar 2017 7:01 PM

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Aakar Patel