budget estimates

Direct tax collections exceed revised estimates by ₹13,000 cr

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Large enhance from private earnings tax helped the federal government obtain over ₹19.58 lakh crore via direct taxes in fiscal yr 2023-24. With this, collections exceeded each funds estimates (BE) and revised estimates (RE). Direct taxes comprise private earnings tax or PIT (Together with securities transaction tax) and company earnings tax (CIT). Rise in direct … Read more

Web direct tax assortment surges 20%, reaches over 80% of revised estimates on higher compliance, PIT

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Improved compliance and excessive development in Private Revenue Tax (PIT) propelled internet direct tax assortment to develop over 20 per cent throughout April 1 and February 20 of 2023-24, Revenue Tax Division reported on Sunday. Additionally learn: At ₹14.70-lakh crore, direct tax collections attain 81% of Funds Estimates for FY24 Aside from PIT, direct taxes … Read more