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Tax revenue News

08 Mar 2018

Direct Tax collections for FY 2017-18 show growth of 19.5% up to February

High growth was recorded in corporate and personal income taxes.

India's fiscal deficit

28 Feb 2017

Fiscal deficit overshoots full-year target in January

India's fiscal deficit touched Rs 5.64 lakh crore at the end of January, 105.7 percent of the full-year target, mainly due to lower realisation of non-tax revenue.

30 Oct 2015

Fiscal deficit hits 68% of Budget estimate in first half

The fiscal deficit is the gap between expenditure and revenue.

Swiss government

11 Feb 2015

Switzerland slides into deficit on surprise revenue fall

The Swiss government said Wednesday it suffered its first federal budget deficit in nearly a decade last year following a surprise 9 percent drop in key sources of tax revenue.

23 Jan 2015

Tax revenue growth good, divestment programme on track: Jaitley

Jaitley also said that the government's tax revenue collections have been good, although refunds for past periods are making an impact.

23 Dec 2014

Direct tax collections rise 5.67% during Apr-Nov

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.

22 Sep 2014

Over Rs 74,000-cr unrealised tax revenue; CAG for close review

Over Rs 74,000 crore in central excise and service tax revenue is pending realisation for 2012 -13 on various grounds, including that of injunction or appeal.

indirect tax collections

12 Sep 2014

Indirect tax collections up 4.6% in April-August

Indirect tax collections rose by 4.6 percent from Rs 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014.

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