Tax Collection
Latest news, explainers and analysis on Tax Collection. Tracking 4 stories on Arth Vani.
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Latest on Tax Collection
Karnataka Emerges Second-Largest Direct Tax Contributor, Nears ₹1.25 Lakh Crore
Karnataka has positioned itself as India's second-largest contributor to direct tax collections, with net revenues approaching ₹1.25 lakh crore. The state now trails only Mumbai in its contribution to the nation's direct tax kitty.
BreakingIndia's Direct Tax Collection Jumps 23% to ₹8.11 Lakh Crore by August 10
India's net direct tax collections surged by 23.09% year-on-year to ₹8.11 lakh crore as of August 10, driven by strong corporate tax and Securities Transaction Tax (STT) growth. This robust increase indicates healthy economic activity and improved tax compliance across the country.
BreakingIndia's GST Collections Surge 15.4% to ₹2.11 Lakh Crore in July
India's Goods and Services Tax (GST) collections reached a robust ₹2.11 lakh crore in July, marking a significant 15.4% increase compared to the same month last year. This strong performance, partly driven by a surge in import-related GST, indicates resilient domestic consumption and industrial activity across the nation.
States' Fiscal Deficit to Shrink to 3.4% by FY27 on Better Tax Revenue: ICICI Bank
States' fiscal deficit is projected to decrease to 3.4% of their Gross State Domestic Product (GSDP) by the fiscal year 2027. This improvement is largely driven by anticipated stronger tax collections and overall better revenue performance, according to a report by ICICI Bank.
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