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.
direct tax
February 2023
December 2022
October 2022
March 2022
February 2022
January 2022
February 2021
January 2021
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.
Direct tax collection jumps 24% in first half of FY23
The direct tax collection, net of refunds, was up 16.3% at ₹7.45 lakh crore, compared to the corresponding period last year.
FY22 direct tax collection beats revised estimates, up 48%
The net direct tax collection as on March 16 stands at ₹13,63,038 crore, up 48.4% from ₹9,18,430.5 crore in the corresponding period of the previous financial year.
Budget 2022: Good news on corporate tax
Expected growth in corporate tax collections during FY22 indicates a strong economic revival in spite of Covid-19.
Budget 2022: How to raise revenue with right tax policies
Should not resort to self-defeating measures that hurt revenue in short and long run such as high tax on individuals but low tax on corporates.
Budget 2021 provides clarity on India’s tax regime
The tax measures outlined in the Budget 2021 had the stated objective of providing greater clarity and making India’s tax regime transparent and efficient.
Budget 2021: Vaccine for the Covid-19 hit economy?
The Budget 2021 comes at a pivotal moment for Indian economy. Now the big question is, will it be truly transformational in giving India the big growth trajectory it desperately needs? If yes, how?
