Page 2 - Revised Estimates News Today

Refunds aggregating to Rs 3.79 lakh crore have been issued in FY 2023-24, the CBDT said

At gross level, which is before adjusting for refunds, direct taxes collections for FY 2023-24 stood at Rs 23.37 lakh crore, a growth of 18.48 per cent over the gross collection of Rs 19.72 lakh crore in previous financial year.

The net direct tax collections (provisional) for the Financial Year (FY) 2023-24 have exceeded the Union Budget Estimates (BE) by Rs 1.35 lakh crore (7.40 per cent), the Ministry of Finance said on Sunday.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

India Business News: Net direct tax collections experienced a significant increase of 17.7% year-on-year, reaching Rs 19.58 crore in the fiscal year that ended in March 20

While refunds saw a 22.74% year-on-year jump amounting to Rs.3.79 lakh crore, net collection post-refunds in FY24 was Rs.1.35 lakh crore | Latest News India

Indias net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of

NEW DELHI: Net direct tax collections rose 17.

Indian Railways has managed to improve its freight volumes each year since the pandemic. However, its inability to add new industries and goods will pose a challenge for the national transporter in the wake of it setting an ambitious target of 45 per cent share in the national logistics by 2030. According to officials, the ministry of railways achieved 114 million tonnes (mt) of miscellaneous goods (classified as balance and other goods) in 2023-24.

Looking at the ever-increasing size of the Union Budget, doubling every three years, Finance Ministers are hard pressed to generate resources to meet the Central Government’s ballooning expenditure.