Back to Career News

Direct Tax Collections for FY19 Fall Short by ₹83,000 cr

April 04, 2019

Direct Tax Collections for FY19 Fall Short by ₹83,000 cr
According to a report, direct taxes amounting to only ₹11.17 lakh crores were collected during the financial year 2018-19 by the Central Board of Direct Taxes (CBDT) against the target of ₹12 lakh crores. However, the collection is still 18.3% higher than the previous financial year. 

The government data shows that that corporate tax worth ₹6.62 lakh crores and income tax worth ₹4.42 lakh crores was collected during FY19, and the STT collection clocked at ₹0.11 lakh crores.

Photo credit: Got Credit on Visual Hunt / CC BY

Recommended for you ...

Nifty 50 Companies Face Slower Profit Growth in June Quarter
Nifty 50 Companies Face Slower Profit Growth in June Quarter

July 17, 2024

HDFC Bank Trains 3.25 Lakh Youth in High-Demand Sectors
HDFC Bank Trains 3.25 Lakh Youth in High-Demand Sectors

July 16, 2024

Indian Banks Set to Raise Record Rs 40,000 Crore via Infrastructure Bonds
Indian Banks Set to Raise Record Rs 40,000 Crore via Infrastructure Bonds

July 16, 2024

Chat on WhatsApp