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What is Tax Revenue
Latest Updates on Tax Revenue
The Board of Directors of ICICI Bank Limited ("the Bank"), at its meeting held today, approved a proposal for sale of 19% stake held in ICICI Merchant Services
Experts feel that the government is likely to miss the target of Rs 11.1 trillion capital expenditure in the current financial year
The move is being made to ensure 'effective protection and management' of the nearly 15,358 acres of land, mostly in Bihar's East and West Champaran districts and in Uttar Pradesh
Devolution of central taxes among states has remained a contentious issue over cess
The Budget on Tuesday is likely to increase the tax revenue projections by Rs 30,000-40,000 crore compared to the Interim Budget in February
"This force should also be responsible for budgetary reforms of the state government," said Kailash Sharma, senior vice-president of ARTIA
Ahluwalia suggested that a portion of central taxes be set aside for this transfer and the remaining be shared between the Centre and the states
At Rs 18.9 trillion, collection accounted for over 97 per cent of the revised estimates at Rs 19.45 trillion
The net direct tax collection of Rs 18,90,259 crore(as of March 17) includes Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT)
The government has pegged non-tax revenue collection estimates from the communications sector at about Rs 1.20 lakh crore for 2024-25 and expects to exceed the budget estimates for the current fiscal.
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
Together, the state's composite tax and financial resources add up to Rs 5.46 trillion in FY24, up more than 17 per cent compared to the corresponding figure of Rs 4.65 trillion in FY23
Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year
Upward trend mainly due to spike in corporation tax mop-up
Govt data on direct taxes points to ways of expanding the tax net
Earnings up 21.8% Y-o-Y; top line a worry
Rs 600 cr TDS comes from online gaming firms, Rs 105 cr from crypto assets
Interim Budget projections for 2024-25 should conform to standard practices of transparency, pragmatism and caution