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: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARD :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: empanelment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: articles on VAT and GST in India
« News Headlines »
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17

Taxes touch Rs 4,70,077 cr
April, 30th 2007

The government's tax collection soared to Rs 4,70,077 crore, exceeding the revised revenue estimates for 2006-07 by about Rs 5,000 crore, thanks to high economic growth and partial revamping of tax administration.

"For the first time in recent years, the actual tax collections have exceeded both budgeted estimates and revised estimates," Finance Minister P Chidambaram said while releasing tax collection figures on Saturday.

He said as against Rs 2,29,533 crore budgeted estimates for indirect collections, and revised estimates of Rs 2,36,202 crore, the actual collections including customs, Central excise and service taxes reached Rs 2,40,896 crore in 2006-07.

Personal income tax collections touched Rs 85,620 crore and corporate tax Rs 1,43,561 crore for the same period.

Likewise, the Finance Minister said the actual direct tax collections turned out be to Rs 2,29,181 crore as against the revised estimate of Rs 2,29,007 crore.

Customs tax collections of Rs 86,294 crore also exceeded both budgeted as well as revised estimates of Rs 77,066 crore and Rs 81,800 crore respectively.

Revised estimates of Central excise collections, which were lowered from Rs 1,17,967 crore to Rs 1,16,233 crore, were also surpassed as figures touched Rs 1,17,250 crore for 2006-07.

Service tax collections of Rs 37,352 crore were, however, lower by Rs 817 crore as against the revised estimates of Rs 38,169 crore for the fiscal.

As per budget estimates, government has projected to collect Rs 5,48,122 crore as revenue in 2007-08.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 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