Breaking News

You are here » Indian-Commodity  :  Top News  :  Direct tax collection stands at Rs 7.89 lakh crore in April-January of FY19

11-Feb2019

Direct tax collection stands at Rs 7.89 lakh crore in April-January of FY19

Net direct tax collection stood at Rs 7,88,930 crore in the April-January period of current fiscal (2018-19). The Minister of State for Finance Shiv Pratap Shukla has said there were 9.92 crore direct taxpayers in Assessment Year 2016-17, which increased to 7.41 crore in 2017-18. Total direct tax collection stood at Rs 10.02 lakh crore in 2017-18.

In the revised estimates for current fiscal, the government has pegged direct tax collection at Rs 12 lakh crore. The Direct Tax-GDP ratio stood at 5.98 per cent in the 2017-18 fiscal. A taxpayer is a person who either files a return of income or in whose case tax has been deducted or paid.

On the other hand, total indirect Taxes collection stood at Rs 2,89,661 crore during the April-January period of 2018-19, while Rs 4,69,092 crore was the total indirect Taxes collection for 2017-18.


Related News

View all news

Turmeric futures trade higher on rising demand

Turmeric futures traded higher on NCDEX as market participants enlarged their holdings on account of rising demand for standing crop in the physical market. Moreover, government procurement in some states......

Coriander futures trade up on restricted arrivals

Coriander futures traded up on NCDEX as speculators built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions also fuelled the......

Cotton futures trade down on profit booking

Cotton futures traded down on MCX on profit booking after prices gained on reports of lower production in major growing regions. However, increased demand for crop from major cotton consumers, trimmed......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......