Tag: tax collection
Own-source revenue for panchayats remains low at Rs 59 per capita
Own Source Revenue (OSR) generation for panchayats remains low, with the income through tax collected by the rural local governance bodies on an average being…
India’s net direct tax collection grows 22% to Rs 6.93 lakh crore
The net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government said on Monday….
Government cuts borrowing target to ₹14.01 lakh crore for 2024-25
Jul 23, 2024 04:07 PM IST The gross market borrowings have been revised downward to ₹14.01 lakh crore from ₹14.13 lakh crore estimated in the…
Tax collection in India one of the highest, reduce direct tax to 25 pc from 40 pc: Surjit Bhalla
While India is not the richest country in the world, the tax collection here is one of the highest and the income tax rate should…
Liquidity surplus at 9-mth peak on high govt spend, FPI inflows
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on…
Income Tax Collection: I-T Department spends 57 paise for every Rs 100 of tax collection: Official
Income-tax collection cost that the I-T Department incurs in the country is one of the lowest in the world at Rs 0.57 for every Rs…