106th Day Of Lockdown

Maharashtra2171211185589250 Tamil Nadu118594711161636 Delhi102831742173165 Gujarat37636267441978 Uttar Pradesh2996819627313 Telangana2761216287313 Karnataka2681511100417 West Bengal2383715790804 Rajasthan2140416575472 Andhra Pradesh211979745252 Haryana1799913645279 Madhya Pradesh1562711768622 Bihar12525933898 Assam12523833016 Odisha10097670354 Jammu and Kashmir89315399143 Punjab67494554175 Kerala5895345228 Chhatisgarh3415272814 Uttarakhand3230262143 Jharkhand3018210422 Goa190311568 Tripura171612481 Manipur14307710 Himachal Pradesh107876410 Puducherry104351714 Nagaland6443030 Chandigarh4924017 Arunachal Pradesh270922 Mizoram1971390 Sikkim125650 Meghalaya94432
Business Economy 10 Feb 2017 Direct tax collectio ...

Direct tax collections up 10.79 per cent at Rs 5.82 lakh crore till Jan 2017

DECCAN CHRONICLE
Published Feb 10, 2017, 4:15 pm IST
Updated Feb 10, 2017, 4:52 pm IST
According to Finance Ministry, personal income tax collection showed a 21 per cent growth in Apr-Jan period.
Tax to GDP ratio is very low.
 Tax to GDP ratio is very low.

Mumbai: The Government on Friday released important numbers on total direct and indirect tax collections in country. The statistics that were made public by Finance Ministry were for the period starting April 2016 to January 2017.

According to Finance Ministry, net direct tax collections were up 10.79 per cent to Rs 5.82 lakh crore up to January 2017. The figure was in comparison to the direct tax collections recorded in corresponding period last year.

 

The numbers were revealed close on the heels of finance minister Arun Jaitley saying in his Union Budget 2017 speech that the tax to GDP ratio was abysmally low. According to finance ministry, tax revenues contributed only 2 per cent to Gross Domestic Product.

The personal income tax collections also went up during the period under reviews. It recorded a 21 per cent growth rate for the period as compared to corresponding period last year.

Besides, collections for the corporate tax were not far behind. A sizable 11.7 per cent growth in corporate tax was registered, the finance ministry said. Total refunds worth Rs 1.41 lakh crore were made that was a growth of more than 41 per cent as against refunds in corresponding period last year.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT