Search For "tax collection"
IMF places new demands before Pakistan for holding policy-level talks next
Updated : 4 days, 3 hours ago IST
If Pakistan and IMF reach a consensus by Feb 9, they will sign a staff-level agreement.
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Pakistan's interest expenses increases, spends over PKR 3.2 trillion on de
Updated : 2 weeks, 2 days ago IST
With a net income of PKR 2.5 trillion, Pakistan's total spending on debt servicing and defence reached over PKR 3.2 trillion more than the government's net income.
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Gross direct tax collections grow 24.58 pc to Rs 14.71 lakh crore in FY23
Updated : 3 weeks, 6 days ago IST
According to the statement from the finance ministry, the provisional figures of Direct Tax collections up to January 10, 2023, continue to register steady growth. After adjusting refunds, net direct tax collection was at Rs 12.31 lakh crore, which is 19 per cent higher than the previous yea
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'Govt may have tax collection of Rs 32 lakh crore in current fiscal'
Updated : 1 month ago IST
The collections from GST rose 15 per cent year-on-year to over Rs 1.49 lakh crore in December, indicating improved manufacturing output and consumption demand besides better compliance.
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Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years
Updated : 1 month, 1 week ago IST
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
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Gross Direct Tax collections for Financial Year 2022-23 register growth of
Updated : 1 month, 3 weeks ago IST
The figures of Direct Tax collections for the Financial Year 2022-23, as on December 17, 2022 show that net collections are at Rs.11,35,754 crore, compared to Rs. 9,47,959 crore in the corresponding period of the preceding Financial Year i.e FY 2021-22, representing an increase of 19.81 per
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Rapid growth of urbanisation in India not matched by urban infra developme
Updated : 2 months, 3 weeks ago IST
In the 'Report on Municipal Finances' by the Reserve Bank of India (RBI) released recently, it said while the size of the municipal budgets in India is much smaller than peers in other countries, revenues are dominated by property tax collections and devolution of taxes and grants from upper
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Direct tax collections till Nov 10 rise 31 pc to Rs 10.54 lakh crore
Updated : 2 months, 4 weeks ago IST
A Finance Ministry release said Direct Tax collections up to November 10, 2022 show that gross collections are at Rs. 10.54 lakh crore, which is 30.69 per cent higher than the gross collections for the corresponding period of last year.
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Direct tax collection grew 24 per cent so far this year
Updated : 4 months ago IST
New Delhi [India], October 9 (ANI): The gross tax collection between April 1 and October 8 this year has jumped nearly 24 per cent, according to the Ministry of Finance.
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Government lowers borrowing target for 2022-23 by Rs 10,000 crore
Updated : 4 months, 1 week ago IST
New Delhi [India], September 29 (ANI): The government on Thursday lowered the market borrowing target for the current financial year by Rs 10,000 crore amid buoyancy in tax collections.
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Net direct tax collections rise 23 pc so far in 2022-23: CBDT
Updated : 4 months, 3 weeks ago IST
New Delhi [India], September 18 (ANI): Net direct tax collections so far this financial year are at Rs 700,669 crore, an increase of 23 per cent as compared to Rs 568,147 crore till the same period of the corresponding financial year, a Central Board of Direct Taxes statement said on Sunday.
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CBT reports 35.46 pc higher direct tax gross collection as compared to las
Updated : 5 months ago IST
New Delhi [India], September 9 (ANI): Direct Tax collections up to September 8, 2022 show that gross collections of the year are at Rs. 6.48 lakh crore, which is 35.46 per cent higher than the gross collections for last year, said a press release by Central Board of Direct Taxes on Friday.
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