Fri, Apr 05, 2019
Revenue officials are chasing huge tax collection deficit. To maximise collections by year end Income Tax Department will resort to deducting money directly from your bank account to fill a gap of thousands of crores.
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Sun, Feb 25, 2018
In the April-January period, the government has collected Rs 6.95 lakh crore from direct taxes, which was 69.2 per cent of the revised estimate of Rs 10.05 lakh crore for full 2017-18 fiscal. In the last fiscal (2016-17), the government had collected Rs 8.49 lakh crore as direct taxes.
Wed, Dec 27, 2017
If you are a salaried person and earn up to Rs 2.5 lakh, you are not liable to pay any income tax. However, if you earn between Rs 2.5 lakh and Rs 5 lakh, you have to pay 5% income tax.
Thu, Jul 06, 2017
Key Highlights: Direct tax collections rose 14.8%, at Rs 1.42 lakh crore Personal income tax rose 12.9% before refunds
Wed, Apr 05, 2017
In February, Finance Minister Arun Jaitley while presenting the Union Budget of FY17-18, had revised the estimate of tax collection for FY17 to Rs 16.97 lakh crore.
Tax collection reached record high in 2016-2017
Sun, Mar 26, 2017
Many branches across the country reported nil tax collection as people were not aware of RBI late night notification.
Fri, Feb 10, 2017
India's revenue secretary Hasmukh Adhhia in New Delhi on Friday said that tax collections (direct and indirect) continue to show consistent trend of healthy growth.
Wed, Jan 25, 2017
Finance Minister Arun Jaitley in his Budget 2017 on February 1 may have to provide stimulus to the economy reeling under the 'Tsunami' of demonetisation, India Ratings and Research said on Wednesday.
Mon, Jan 16, 2017
The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.
Wed, Jan 04, 2017
Finance Minister Arun Jaitley on Wednesday expressed confidence that direct and indirect tax mop-up will surpass Budget estimate of Rs 16.3 lakh crore by March-end.
Wed, Dec 28, 2016
The growth was in double digit in all the other parts of the country during the period.
Sun, May 01, 2016
The tax outgo was less than Rs 1.5 lakh for a vast majority of nearly 89% taxpayers (over 1.11 crore).
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