According to the Finance Ministry, there has been an increase of 24 percent in direct tax collection. With this, it has increased to Rs 8.98 lakh crore. These figures are from April 1 to October 8. Apart from this, the Finance Ministry said that the total collection on corporate income has increased by 16.74 percent between April 1 and October 8. There has been a jump of 32.30 percent in personal income tax collection.
According to the data, from April 1 to October 8, the direct tax collection has been Rs 8.98 lakh crore, which is 23.8 percent higher than the tax collection of the corresponding period last year. The direct tax collection after adjusting refunds stood at Rs 7.45 lakh crore, which is 16.3 percent higher than the collection for the same period a year ago, the statement said.
The Reserve Bank of India last month slashed its forecast for India's gross domestic product (GDP) growth for the current fiscal to seven percent from 7.2 percent. Other rating agencies have also downgraded their growth forecast because of geopolitical pressures and the tightening global financial situation.
The Central Board of Direct Taxes (CBDT) said that in terms of total revenue collection, so far the growth of Corporate Income Tax (CIT) and Personal Income Tax (including PIT and Securities Transaction Tax i.e. STT) has been at 16.73 percent and 32.30 percent respectively.
After adjustment for refunds, the net increase in CIT collection works out to 16.29 percent. While the growth in personal income tax collection stands at 17.35 percent (PIT only) and 16.25 percent with STT.
The CBDT said that a total refund of Rs 1.53 lakh crore have been issued during the period from April 1, 2022, to October 8, 2022, which is 81 percent higher than the refunds issued during the corresponding period of the previous year.
The growth in exports of goods, which was recorded last year, stopped in September this year. Commodity exports declined by 3.5 percent in September. The trade deficit has almost doubled in the first six months of the current financial year. Industrial production (IIP) growth slowed to 2.4 percent in July. At the same time, the growth of the basic industry has come down to a nine-month low of 3.3 percent in August.
Gyanvapi Case: Water was removed from Gyanvapi's sealed bathroom by installing 3 pumps, and 26 employees are cleaning the dirt.
On the orders of the Supreme Court, District Magistrate S. It started at 9:30 on Saturday morning under the supervision of Rajalingam. All the water from the Vaju Khana located at Gyanvapi has been
Corona cases in the country cross 4300, with 276 cases found in 24 hours; See the condition of your state
Coronavirus cases are continuously increasing in India. Every day a new jump is being seen in the active cases of Corona. The number of active cases of Corona had reached 4000 on the previous day,
'AUS team should apologize, or quit playing cricket', ex-ENG captain fumes over Jonny Bairstow's run out
Former England captain Geoffrey Boycott has called for a public apology from the Australian team for the way Jonny Bairstow was dismissed in the second Ashes Test. Boycott wrote in 'The Telegraph', if
Bangladesh Protests: India is keeping a close eye on the situation in Bangladesh, if the situation worsens then it can take this big step
India has called the agitation against the quota system (reservation) in government jobs in Bangladesh, which has become quite violent, an internal matter of Bangladesh. The Ministry of External
Five and a half thousand CCTV cameras will be installed on Pakistan and Bangladesh border, Rs 30 crore fund approved
The government has approved a fund of Rs 30 crore for the purchase of surveillance cameras, drones, and other surveillance equipment for the BSF deployed to guard Indian fronts along the Pakistan and
Heal in India: Medical tourism draft ready, patients will come from 61 countries, single window concept will be implemented
In the next few months, India is going to become the biggest medical tourism hub on the world map. Under the guidance of Prime Minister Modi, the Union Health Ministry has prepared a complete draft of
INS Mormugao: Navy's destroyer equipped with excellent features, makes missiles like BrahMos and Barak deadly
The strength of the Indian Navy's fleet is going to increase further. Stealth Guided Missile Destroyer INS Mormugao is going to be commissioned later this week. 75 percent of the equipment and weapons
Ameesha Patel: Ameesha did not react to Lara-Bipasha's negative comment, and said- I had a good relationship with them
Bollywood's well-known actress Ameesha Patel is in constant discussion about her upcoming film 'Gadar 2'. About 22 years ago today, Ameesha ruled the hearts of the audience by becoming Sakina from the
IND vs PAK Football: India defeated Pakistan 4-0; Captain Sunil Chhetri rained goals, scored a hat-trick
The Indian football team has started with a win in the SAFF Championship. They thrashed arch-rivals Pakistan 4-0 on Wednesday (June 21) at the Srikanteerava Stadium in Bangalore. Captain Sunil Chhetri
AAP made a big change in the organization: Manish Sisodia made in-charge of Punjab, Saurabh Bhardwaj became Delhi president
Aam Aadmi Party's Political Affairs Committee (PAC) meeting was held. In this, a decision was taken to strengthen the organization. It was agreed to appoint in-charges in four states. Gopal Rai has
