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Last year, direct tax collections stood at Rs.5.29 lakh crore, which was 30.17 percent higher than the net collections for the corresponding period of the previous year

Gross direct tax collections up 35.46% YoY in FY23; to touch Rs.6.48 lakh crore...

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Present collections are 37.24% of total budget estimates for 2022-23 Gross direct tax collections stood at Rs.6.48 lakh crore till September 8, which is 35.46...
Revenue for Reliance Retail grew by 17.8 percent YoY with strong growth across all consumption baskets

Reliance Industries becomes first Indian company to cross Rs.1 lakh crore threshold in pre-tax...

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Reliance Industries beats expectations, posts highest profit in Q4 Reliance Industries Limited (RIL) has reported gross revenues of Rs.10 lakh crore ($119.9 billion) for the...
Net direct tax collection of Rs.18,90,259 cr as on March 17, 2024, includes CIT Personal Income Tax including Securities Transaction Tax

Net direct tax collections for FY 2023-24 grow at over 19.88%: I-T Dept

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India's net direct tax collection over Rs.18.90 lakh crore till March 17 The provisional figures of direct tax collections for the Financial Year 2023-24 as...
“The assessment order passed by the department in August this year was time barred and hence cannot be sustained," Bombay High Court noted in its judgment

Bombay HC orders tax refund of Rs.1128 cr to Vodafone Idea. Pulls up I-T...

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Vodafone Idea's 'win of Rs.1128 crore' The Bombay High Court has directed the Income Tax Department to refund Rs.1,128 crore to Vodafone Idea Limited paid...
Number of returns filed have shot up across various tax slabs reflecting more robust revenue base

Income Tax compliance in India is on the upswing across slabs, says data

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ITR filings by taxpayers rise 90% in the last nine years Data released by the Income Tax Department shows that a healthy trend of increased...
Net direct tax collection of Rs.3,79,760 cr included CIT at Rs.1,56,949 cr net of refund & PIT including securities transaction tax at Rs.2,22,196 cr (net of refund)

Direct tax collection for 2023-24 rises 11%; stands at Rs.3,79,760 crore

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Gross Direct Tax collections for the financial year 2023-24 register a growth of 12.73% Direct tax collections for 2023-24, as on June 17, stood at...
Nirmala Sitharaman directed to put in place a system to take feedback on grievances redressed so as to improve the quality of redressal

Nirmala Sitharaman directs CBIC to begin automated GST return scrutiny by next week

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In a CBIC review meeting, Nirmala Sitharaman asked the board to intensify its efforts against fake billings Finance Minister Nirmala Sitharaman has directed the Central...
The growth in direct tax mop-up, which comprises personal income tax and corporate taxes, was driven by Personal Income Tax (PIT) collections

India’s direct tax collections surge by 22.58% YoY to Rs.16.68 lakh cr till 10...

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Net direct tax collections reach Rs.13.73 lakh crore; 83% of the revised estimate for FY23 On Saturday, the Central Board of Direct Taxes (CBDT) revealed...
The Budget 2023 estimated tax revenue of Rs 33.6 trillion for FY24, which is 10.4% higher than Rs 30.4 trillion projected in the revised estimates for FY23

India’s direct tax collections surge by 24% YoY to Rs.15.67 lakh cr till February...

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The direct tax collection after the net of refunds stood at Rs.12.98 lakh cr which is 18.40 percent higher YoY On Saturday the Ministry of...
Refunds amounting to Rs.2.40 lakh crore have been issued between April 1, 2022, and January 10, 2023, higher by 58.74% YoY

Direct tax collections rise 24.58% YoY to Rs.14.71 lakh crore

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The growth rate for CIT was 19.72 percent while that for PIT was 30.46 percent Direct tax collections stood at Rs.14.71 lakh crore till January...
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