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Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Govt banking on advance tax collection to meet direct tax target of Rs...

Government had earlier estimated Rs 11.5 lakh crore mop-up from direct tax collection.

15 March 2019 3:02 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Budget 2019: High-end income group people need to pay 3 pc to 7 pc...

Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current...

5 July 2019 2:57 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Don't overreach, overstate: FM to tax authorities

To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go...

28 Aug 2019 9:27 AM IST

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.

9 March 2018 12:31 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

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.

8 March 2018 4:57 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Direct tax collections surge 15.7 pc to Rs 6.75 lakh cr in Apr-Nov

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.

10 Dec 2018 12:52 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

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 IST

I am asking these questions as his misadventure is impairing national interest and I hope Rahul Gandhi and the Congress party would respond immediately, Finance Minister Arun Jaitley wrote on Facebook. (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.

1 Sept 2018 10:44 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce cos will have to register in every state for collecting TCS

E-commerce companies will from Oct 1 have to deduct 1 per cent tax collected at source before making payments to their...

29 Sept 2018 11:23 AM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Hope to cross Rs 11.5 lakh cr direct tax collection target for FY19:...

Direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-June.

17 Sept 2018 3:33 PM IST

Union finance ministry Arun Jaitley

Confident of strictly maintaining fiscal deficit at 3.3 per cent:...

Finance Minister also expressed the government's confidence in maintaining a growth rate higher.

17 Sept 2018 10:58 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

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 IST