« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80 «  Omnibus law for banking soon... Tax outflows to cramp liquidity... » Tax revenue buoyant during Apr-Aug: FM September, 11th 2006 The Government has collected 32.28 per cent more taxes (excluding service tax and excise duty) at Rs 770.27 billion during the first five months of this fiscal against Rs 540 bn in the corresponding period of the previous fiscal. While direct taxes grew by 50.30 per cent at Rs 429.17 bn during the April-August, 2006 year-on-year, customs duty among indirect taxes rose by 34.05 per cent to touch Rs 341.10 bn, Finance Minister P Chidambaram said. The figures for Union excise duty and service tax are available for the first four months of 2006-07 only. While excise duty collections grew by 8.84 per cent to touch Rs 330.74 bn against Rs 303.87 bn, service tax mop up grew by a whopping 62.70 per cent to touch Rs 81.69 bn against Rs 50.21 bn. Among direct taxes, corporation tax jumped by 70.37 per cent at Rs 225.87 bn during the first five months of this fiscal against Rs 132.58 bn. Income tax, including fringe benefit tax, securities transaction tax and banking cash transaction tax, rose by 32.91 per cent at Rs 203.30 bn against Rs 152.96 bn, he added. The finance minister said his ministry's one of central objectives is to find revenues to support investment and growth. He said non-tax revenues are also encouraging and there has been an increase of 11 per cent at Rs 136.96 bn compared to Rs 123.40 bn in the corresponding period of the previous year.