HomeEconomicsDirect Taxes Reach 58% Of Budget Target

Direct Taxes Reach 58% Of Budget Target

Published on

spot_img
Nirmala Sitharaman - Wikipedia
  1. Direct tax collections have reached 58.34% of the budgeted target for the current fiscal year.
  2. Net tax collections stand at Rs 10.64 lakh crore, showing a significant 23.4% increase from the previous year’s corresponding period.
  3. Gross collections have surged to Rs 12.67 lakh crore, marking a substantial rise of 17.7% compared to the same period last year.
  4. This robust growth indicates healthy revenue generation, reflecting a positive trend for the government’s finances.
  5. The increased tax collection demonstrates progress towards meeting the annual budgeted target for direct taxes.
SourceNDTV

Latest articles

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...

AI Model Backed by Mukesh Ambani to Launch in March

A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools...

More like this

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...