Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: empanelment :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: cpt
 
 
« Direct Tax »
 CBDT committee to review ‘naming, shaming’ of tax defaulters
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona

The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.
October, 18th 2016
                           Government of India
                              Ministry of Finance
                           Department of Revenue
                         Central Board of Direct Taxes

                                                  New Delhi, 9th October, 2016.


                               PRESS RELEASE

     Sub: Direct Tax Collections up to September, 2016 up by 8.95%


      The figures for direct tax collections up to September, 2016 show that net
collections are at Rs.3.27 lakh crore which is 8.95% more than the net
collections for the corresponding period last year. Till September, 2016, 38.65%
of the Budget Estimates of direct taxes for FY 2016-17 has been achieved.




      As regards the growth rates for Corporate Income Tax (CIT) and Personal
Income Tax (PIT), in terms of gross revenue collections, the growth rate under
CIT is 9.54% while that under PIT (including STT etc.) is 16.85%. However, after
adjusting for refunds, the net growth in CIT collections is 2.56% while that in PIT
collections is 18.60%. Refunds amounting to Rs.86,491 crore have been issued
during April-September, 2016, which is 26.99% higher than the refunds issued
during the corresponding period last year.




       Till September, 2016, advance tax collections have reached Rs.1.58 lakh
crore showing a growth rate of 12.12%. The growth in Corporate advance tax is
8.14% as against 44.5% in Personal advance tax collections. The high growth
rate in PIT advance tax is also due to the fact that as against 30% of annual
advance tax which was payable till September instalment in earlier years, from
this financial year, 45% of the annual advance tax liability is to be paid by
September.

                                                 (Meenakshi J Goswami)
                                               Commissioner of Income Tax
                                               (Media and Technical Policy)
                                               Official Spokesperson, CBDT

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions