Image for representation purpose only. | Photo Credit: Reuters India’s net direct tax collections in 2022-23 surpassed the ₹11-lakh crore mark by December 17, reflecting a 19.8% uptick over last year, the Central Board of Direct Taxes said on Sunday. Last year, in the corresponding period, it was ₹9,47,959 crore. “The net direct tax collection … Read more
Continuing its steady growth, Direct Tax collections up till September 8 rises 35.46% over the corresponding period of last year to touch Rs. 6.48 lakh crore. “Direct Tax collection, net of refunds, stands at Rs. 5.29 lakh crore which is 30.17 % higher than the net collections for the corresponding period of last year. This … Read more
In spite of the Centre collecting a whopping 74 per cent more direct taxes so far this fiscal on an annualised basis at Rs 5.70 lakh crore, it has also borrowed a massive 58 per cent of the budgeted amount during the same period by selling Rs 7.02 lakh crore worth of debt securities in … Read more