With advance tax collections rising over 22 per cent, the Earnings Tax Division’s direct tax mop-up topped 45 per cent of the Finances Estimate for the interval April 1 to September 17, authorities knowledge launched on Wednesday confirmed. With this, the federal government is hopeful of assembly and even exceeding the tax assortment goal for … Read more
Aided by a robust present on income receipts amid strong financial progress, the Centre’s fiscal deficit as a share of GDP for 2023-24 shocked positively and got here in at 5.6 per cent, decrease than the 5.8 per cent projected on the revised estimate stage within the current interim funds, official information confirmed. Additionally learn: … Read more
With better-than-expected tax assortment, fiscal deficit is predicted to be decrease than revised estimate for Fiscal Yr 2023-24 (FY24), a senior authorities official mentioned on Thursday. The Controller Basic of Accounts (CGA) will make fiscal deficit variety of final fiscal public on Could 31. Based on interim Funds for FY25, persevering with on the trail … Read more
Interim budget-cum-vote on account is prone to peg fiscal deficit for FY24-25 at 5.3-5.4 per cent of GDP (Gross Home Merchandise), sources within the authorities have mentioned. That is attainable by increased assortment of taxes and cuts in income expenditure. Although the federal government is hopeful of assembly the fiscal deficit goal of 5.9 per … Read more