Direct tax collections exceed revised estimates by ₹13,000 cr

[ad_1] Big boost from personal income tax helped the government receive over ₹19.58 lakh crore through direct taxes in fiscal year 2023-24. With this, collections exceeded both budget estimates (BE) and revised estimates (RE).Direct taxes comprise personal income tax or...

Direct tax collections exceed estimates in FY24; jump 18% to ₹19.58 lakh crore

[ad_1] The country’s net direct tax collections surged by 17.7 per cent y-o-y to ₹19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday.Net collections of income...

Net direct tax mop-up jumps 20% to ₹18.9-lakh cr in FY24 on rising income, compliance

[ad_1] Improved compliance, along with rising income levels, helped the government collect over ₹18.9-lakh crore as net direct taxes from April 1 to March 17 of the current fiscal. With this, 97 per cent of the revised estimate of ₹19.45-lakh crore...