Aim to collect Rs 19-20 lakh crore in taxes in 2017-18: Jaitley
Finance Minister Arun Jaitley on Saturday said that the government expects to collect Rs 19-20 lakh crore in direct and indirect taxes in 2017-18, which could further increase if greater compliance was ensured.
Apr 30, 2017, 00:02 AM IST
Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%
The government's revenue collection from indirect tax during April-February grew by an impressive 22.2 percent while that of direct tax rose by 10.7 percent.
Mar 10, 2017, 13:53 PM IST
Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley
Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.
Dec 29, 2016, 17:15 PM IST
Indirect tax collection jumps 26% in April-September, direct tax 9%
Government's revenue collection in April to September -- the first half of the current fiscal -- saw indirect tax-mop up growing at an impressive 26 percent while that of direct tax came in at a tepid 9 percent.
Oct 10, 2016, 22:44 PM IST
Direct tax collections till September grow 9% to Rs 3.27 lakh crore
Direct tax collections during the six months ended September grew about 9 percent to Rs 3.27 lakh crore, buoyed mainly by personal income tax mop-up.
Oct 10, 2016, 21:34 PM IST
Tax dept asks officers to suggest changes in direct tax laws
In a bid to keep nation's tax laws in conformity with changing times, the Income Tax Department has created a permanent mechanism for seeking inputs from its officers for changes required in the direct tax regulations.
Aug 25, 2016, 17:28 PM IST
PM Modi assures middle class of an end to tax terrorism
"Middle class, upper middle class used to be hassled with I-T officers, more than police. I have to change this situation, I am working on it and will make the change happen," Modi said in his Independence Day address.
Aug 15, 2016, 08:51 AM IST
Government's tax kitty swells to Rs 4.3 lakh crore in April-July
Reflecting an upturn in economic activity, government's revenue collection showed an impressive growth in April-July period of this fiscal, with total direct and indirect tax mop-up rising to Rs 4.3 lakh crore.
Aug 09, 2016, 22:53 PM IST
Govt aims to make India ''tax paying, not tax evading'' society: Arun Jaitley
Union Finance Minister Arun Jaitley on Saturday said the government`s policy with regard to direct taxation is very clear, adding the ruling dispensation aims to gradually nudge the system to make India a tax paying society and not a tax evading society.
Jul 23, 2016, 18:18 PM IST
Just 1% of population pay taxes; over 5,000 paid more than Rs 1 crore
Taxpayers account for just about one per cent of India's population, but tax outgo was over Rs 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13.
May 01, 2016, 17:45 PM IST
Indirect tax mop-up paces up, grows 36% during Apr-Oct 2015
In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.
Nov 10, 2015, 00:12 AM IST
Govt will have to forget direct tax of Rs 6.73 lakh crore
A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.
Jun 08, 2015, 13:31 PM IST
Higher tax collections to help improve fiscal deficit: Jaitley
Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.
May 25, 2015, 18:30 PM IST
Tax dues from companies at Rs 4.85 lakh crore: Finance Ministry
Corporates owed over Rs 4.85 lakh crore approximately to the exchequer as outstanding tax demands, under direct and indirect taxes, towards the end of fiscal 2014-15, Parliament was informed on Tuesday .
Apr 28, 2015, 15:43 PM IST
Direct tax collections up 11.38% in Apr-Jan FY'15
Direct tax collections increased by 11.38 percent to Rs 5.78 lakh crore during the April-January period of current financial year.
Feb 13, 2015, 18:13 PM IST
Direct tax collections up 13% in 9 months of FY'15
The direct tax collection during the first nine months of the current fiscal increased by 12.93 percent to Rs 5.46 lakh crore over the same period a year ago.
Jan 23, 2015, 18:50 PM IST
Idea of higher tax to run state is 'anti-people': FM
Asserting that government does not subscribe to the ideology of imposing higher taxes to run the state, Finance Minister Arun Jaitley on Friday termed such an idea as "anti-people".
Dec 19, 2014, 21:40 PM IST
CBDT to hold high-level tax collection meeting next week
The next week's meeting will be chaired by CBDT Chairperson Anita Kapur along with the five members.
Dec 18, 2014, 17:29 PM IST
Outstanding tax demand up at Rs 5.75 lakh cr in FY'14
The outstanding direct tax demand increased to Rs 5.75 lakh crore in 2013-14, up 18.33 percent over the previous fiscal, the government said Tuesday.
Nov 25, 2014, 22:08 PM IST
Net direct tax collection up 7% at Rs 2.68 lakh cr
Net direct tax collection has risen only 7.09 percent to Rs 2,68,836 crore in the first six months of the current fiscal.
Oct 07, 2014, 19:43 PM IST
