direct tax collection

Net direct tax revenue rises 68% to Rs 6.92 lakh cr till Nov 23

The net collection between April 1 – November 23 in 2020-21 and 2019-20 fiscals was over Rs 4.12 lakh crore and over Rs 5.44 lakh crore respectively. The net direct tax collection grew nearly 68 per cent during April 1 to November 23 to more than Rs 6.92 lakh crore, Minister of State for Finance …

Net direct tax revenue rises 68% to Rs 6.92 lakh cr till Nov 23 Read More »

Waning Base Effect: Direct tax revenues down a fifth in October

Economy / By Janel Cannon

Robust revenues helped the Centre to contain its fiscal deficit in the first half of the current fiscal at 35% of annual budget estimate (BE) compared with 114.8% a year ago and 92.6% in FY20. Growth in tax collections has been beating other macro-economic indicators, but it seems the trend is coming to an end, …

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