Direct Tax collections

Highest Tax Collection in The History Of Income Tax Department

Highest Tax Collection in The History Of Income Tax Department

A big news has come from the Income Tax Department. In fact, the department has made the highest ever income tax collection in the current financial year. This information has been shared by the Central Board of Direct Taxes. CBDT Chairman JB Mohapatra said that there has been a growth of 48 per cent in …

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Advance Tax Collection Increased By 41 Percent, Direct Tax Collection Also Increased By 48 Percent

Advance Tax Collection Increased By 41 Percent, Direct Tax Collection Also Increased By 48 Percent

Advance tax collection has increased by 41 percent in the current financial year in the country. With this, the tax collection from personal and corporate income has increased by more than 48 percent in the current financial year. This explains the continuous economic recovery in the economy affected by the corona virus epidemic. According to …

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Ministry of Finance

Net Direct Tax collections for the Financial Year 2021-22 represents an increase of 100.4%

The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding year, representing an increase of 100.4% over the collections of the preceding year.  The net Direct Tax collections include Corporation Tax …

Net Direct Tax collections for the Financial Year 2021-22 represents an increase of 100.4% Read More »