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Net direct tax collection climbed 9.18 per cent to over Rs. 10.82 lakh crore till September 2017 in the current fiscal, driven by the higher advance tax payments from corporates and slower issuance of refunds, the government said.
The government collected Rs 437.43 crore as income tax on gains from cryptocurrencies – or Virtual Digital Assets (VDA), as…
Income tax refunds issued by the government have jumped by a staggering 474 percent over the last decade, from Rs 83,008 crore in FY14 to Rs 4,76,743 crore in FY25, sources told Moneycontrol citing official data from the Principal Chief Controller of Accounts (PrCCA) and the Central Board of Direct Taxes (CBDT).
Net direct tax collection fell 1.34 per cent to about Rs 5.63 trillion till July 10 of the current financial year, mainly on account on higher refunds, according to government data released on Friday.
Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the mop-up during the corresponding period of last fiscal, as advance tax collections slowed, government data released on Sunday (June 21, 2025) showed.
The country’s gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about 5.45 lakh crore rupees as of June 19 compared to about 5.19 lakh crore rupees in the same period last year. However, net direct tax collections saw a marginal decline of 1.39 per cent, dropping to over 4.58 lakh crore rupees…
Net direct tax collection increased 14.69% to over Rs 17.78 lakh crore so far this financial year, government data showed on Tuesday.
A compliance audit of I-T collections from 11 distilleries and breweries in UP, Maharashtra, Karnataka, and Delhi has uncovered significant under-reporting of sales, with the Comptroller and Auditor General estimating the tax implications of this “short accounting” at approximately Rs.12,800 crore over a 10-year period.
The government will exceed the Rs 22.07 trillion direct tax collection target set for the current fiscal, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal said on Monday.
The Central Board of Direct Taxes (CBDT) on Monday reported that overall tax collection from April 1 to November 10 grew by 15.41 per cent to Rs. 12.1 lakh crore, including net corporate tax collections of Rs. 5.10 lakh crore and non-corporate taxes, such as Rs. 6.62 lakh crore paid by individuals, HUFs, and firms.