Budget 2024: Direct Tax Collection Triple of FY2017 Level
I-T share of total tax revenue up 10 percentage points in nine years
direct tax
July 2024
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February 2024
December 2023
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February 2023
December 2022
The Conversation: Nitin Gupta, Chairman, CBDT
In order to become a developed economy by 2047, India needs to optimise tax generation to spend on all-round development, including infrastructure.
FY24 direct tax collection up 20% at ₹15.60 lakh cr so far
Direct tax collection constitutes 80% of the revised budget estimates for the entire fiscal year up to February 10, 2024.
75-80 lakh PAN holders to benefit from withdrawal of legacy tax demands
Centre will forego demands worth ₹3500 - 3600 crore following the finance minister's announcement.
Budget 2024: Gouri Puri, partner at Shardul Amarchand Mangaldas, shares insight on direct tax proposals
Gouri Puri, Partner at Shardul Amarchand Mangaldas & Co., shared her insights on the direct tax proposals unveiled in the interim budget 2024.
Direct tax revenue surges 20% in FY24 so far
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
Net direct tax collection up 11.18% at ₹3.80 lakh cr so far in FY24: FinMin
The gross direct tax collection so far in FY24 stood at ₹4.19 lakh crore against ₹3.72 lakh crore in the corresponding period of FY23, registering a growth of 12.73%.
FY23 direct tax mop up rises 17.63% to ₹16.61 lakh cr
The provisional direct tax collection is higher than the revised estimate at ₹16.50 lakh crore for FY23
Budget 2023: Net tax collection sees spike in past 2 years
The gross tax collection stands at ₹13.63 lakh crore as of 17 December 2022 as against ₹10.83 lakh crore in the previous year.
Gross direct tax collection jumps 26% to ₹13.63 lakh cr for FY23
The net direct tax collection grew 19.81% year-on-year to ₹11,35,754 crore during the ongoing financial year.
