« Direct Tax » Open DEMAT Account in 24 hrs  ITR 2024 25 Check tax department s update on TDS and refunds  Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains  Income tax exemption: 4 financial instruments you can still invest into before March 31  CBDT drops small tax demands but not TCS, TDS claims  ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount  Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?  Average tax return processing time cut to 10 days: CBDT  7 types of Income Tax Notice ITR filers may receive for AY 2023-24  ITR filing: Do these advance preparations before filing your income tax return  What are the strategies to maximize tax refunds after submitting an income tax return (ITR)?  ITR filing: Tax rules on income from house property that your should know «  Tax mop-up shortfall may touch Rs 75,000cr... Govt warns tax evaders to correctly pay dues or face action... » Govt tones down direct tax growth target December, 12th 2012 The government seems to have toned down its 14% growth target for direct taxes receipts this fiscal. The finance ministry on Thursday said net direct tax collection up to November 15 this fiscal rose to Rs 2.65 lakh crore, which is just 53% of the budgeted target for the whole year. "It is expected that the total direct tax collection for 2012-13 financial year will exceed the collection for 2011-12," minister of state for finance S.S. Palanimanickam said in Rajya Sabha. India had collected Rs 4.9 lakh crore as direct taxes last year and had estimated that receipts would go upto Rs 5.6 lakh crore this fiscal.