Tax collection

Guntur Municipal Corporation tops income tax collection in 2 quarters

GMC chief Kirthi Chekuri said on Sunday that the tax collection was almost double the amount collected last year and that the civic body recorded 99.80% growth.  

published on : 2nd January 2023

Buoyant tax collections cushion Govt on fiscal front, ITR reforms likely next year

Going forward, the government may also look at stricter tax deduction norms for e-commerce and online service providers, besides online gaming.

published on : 25th December 2022

Net direct tax collections for FY23 soar 20% till 17 Dec  

Of the total advance taxes collected till 17 December 2022, corporate taxes accounted for R 3,97,364 crore, while personal taxes accounted for R1,23,936 crore.

published on : 19th December 2022

Net direct tax collection grows 24 per cent to Rs 8.77 lakh crore: Finance Ministry

The Budget estimated direct tax collection at Rs 14.20 lakh crore this fiscal, higher than Rs 14.10 lakh crore collected last fiscal (2021-22).

published on : 12th December 2022

Demonetisation behind the buoyancy in tax collections, says RBI MPC member

The tax department on October 9 said that the gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year to Rs 8.98 lakh crore.

published on : 24th October 2022

Direct tax collections up 24% in first six months

Personal income taxes saw 32.3% increase in gross terms and 16.25% increase in net revenue collection.

published on : 10th October 2022

Net direct tax collection jumps 23%; refunds up 83%

The net direct tax collection (after refunds) for 2022-23 registered a 23% jump to R7 lakh crore as on 17 September 2022.

published on : 19th September 2022

GST collection rises 28 per cent to Rs 1.43 lakh crore, festive season to drive mop-up

The revenues for the month of August 2022 are 28 per cent higher than the GST revenues of Rs 1,12,020 crore collected in August 2021.

published on : 1st September 2022

April-June direct tax revenue up 41 per cent: Pankaj Chaudhary

Meanwhile, the income tax department on Monday said that more than 3 crore income tax returns ( ITRs) for Assessment year 2022-23 were filed on e-Filing portal till 25th July, 2022.

published on : 26th July 2022

Corporators return to Vijayawada after North India study tour

Mayor Rayana Bhagya Lakshmi said, "Steps will be taken to replicate various projects being implemented by other civic bodies for holistic development of our city,”

published on : 30th June 2022

Tax collections soar to record Rs 27.07 lakh crore in 2021-2022

Direct taxes, which comprise income tax paid by individuals and corporate tax, came in at Rs 14.10 lakh crore Rs 3.02 lakh crore higher than the budget estimate.

published on : 8th April 2022

BBMP budget lays stress on tax collection

Fund outlay for focusing on ward-wise development, under specific categories  

published on : 1st April 2022

Process Dampened: Glitch delays tax payment in Coimbatore corporation centres

To mop up tax revenue, the CCMC is operating collection centres in 21 places across the city from 9 in the morning to 5 in the evening. 

published on : 21st March 2022

Tax growth exposes Modi government's forecasting inaccuracies on economy

In reality, tax collections, barring disinvestment proceeds, are going gangbusters.

published on : 20th March 2022

Net income tax collection rises almost 15 per cent in first quarter

Net direct tax collection grew to Rs 1.42 lakh crore at the end of the first quarter due to a surge in advance tax payments.

published on : 6th July 2017

Tax collections in TS to go up by 20 percent under GST: Etela

Finance Minister E Rajender held a review meeting with officials at Secretariat on Thursday on GST implementation in TS.

published on : 30th June 2017