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Direct tax reform to take centre stage in PM Modi's second term

Sunday, June 2, 2019, 12:43 PM

The NDA government, in its second term, plans to introduce transformational changes in the direct tax regime by pruning a tax-rate that is as high as 30%, widening the tax-base and making it easier for honest individuals and corporate entities to comply with tax laws. At the same time, wilful tax-evaders and money launderers will not be spared, government officials aware of plan said.
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Net direct tax collection crosses Rs 10 lakh crore mark

Tuesday, March 19, 2019, 10:07 AM

The net direct tax collection figure has crossed the Rs.10 lakh crore mark as on March 16, helped by the fourth and final installment of tax payment, sources said. The entire advance tax data from across the country has not come yet, the sources said. However, the preliminary assessment indicates that the net direct tax collection has crossed Rs.10 lakh crore, they said.
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Direct Tax mop up in Apr-Jan at Rs 7.89 lakh cr

Saturday, February 9, 2019, 10:25 AM

Net direct tax collection during the April-January period of current fiscal stood at Rs 7.89 lakh crore, Parliament was informed. In a written reply to a question in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said there were 9.92 crore direct taxpayers in Assessment Year 2016-17, which increased to 7.41 crore in 2017-18.

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