India's net direct tax collections for the fiscal year 2023-24 significantly exceeded expectations, reaching Rs 19.58 lakh crore, a 17.7% increase from the previous year. This figure not only surpassed the revised estimates by Rs 13,000 crore but also exceeded the Union Budget estimates by Rs 1.35 lakh crore, or 7.4%. The surge in collections was attributed to an increase in personal income taxes, which now constitute 53.3% of the total tax collections, up from 50.06% the previous year. Additionally, gross direct tax revenues also saw a substantial rise, increasing by 18.48% to Rs 23.37 lakh crore.
#NewsAtNine: The Headlines Net direct tax collection surges to over 19 lakh crore rupees during last fiscal. https://t.co/w6CLZP1ZxU
India's Net Direct Tax collections for FY 2023-24 surged 17.7% to Rs 19.58 lakh crore compared to Rs 16.64 lakh crore in the previous financial year and surpassed the Budget estimate for FY24 by Rs 1.35 lakh crore, or 7.4%. The budget estimate for direct tax mop-up for the… https://t.co/MgEbI8E33t
Direct Tax Collection 2023-24: EXCEEDING Estimates! India’s kitty stands at Rs. 19.58 lakh crore - Details https://t.co/o01OLN8ANb
India's income tax receipts up 17.7% yr/yr in 2023/24, near $235 bln https://t.co/bGBIlApViz https://t.co/c5SHNG2xO1
Direct tax collections exceed estimates in FY24; jump 18% to ₹19.58 lakh crore India’s net direct tax collections surged by a massive 17.7% year-on-year to ₹19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department… https://t.co/FBaQ0ksZEm
India’s net direct #tax collections surged by a massive 17.7% year-on-year to ₹19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. https://t.co/2YKCDFIbGp
JUST IN | India’s net direct tax collections grew 17.7% in 2023-24 to hit ₹19.58 lakh crore, marginally surpassing the revised estimates for the year, thanks to a surge in Personal Income Taxes whose share of the tax kitty rose to 53.3% from 50.06% in the previous year while…
Gross direct tax revenues up by 18.48% to ₹23.37 lakh crore in 2023-24 (Reports @JayaswalRajeev) https://t.co/aiqtSeZH5z https://t.co/Llg6JmbsBw
Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40% Net Direct Tax collections (provisional) for the FY 2023-24 exceed Revised Estimates by Rs. 13,000 crore Gross Direct Tax collections…
Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed #UnionBudget Estimates by Rs. 1.35 lakh crore i.e. by 7.40% https://t.co/aeomFDKmqn
👉 Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40% 👉 Net Direct Tax collections (provisional) for the FY 2023-24 exceed Revised Estimates by Rs. 13,000 crore 👉 Gross Direct Tax… https://t.co/A0JY0mbWFN
Net #DirectTaxCollection at Rs 19.58 lakh cr in 2023-24 fiscal exceeds revised estimates by Rs 13,000 cr: #Tax department https://t.co/C8saO392c8
Net direct tax collection at Rs 19.58 lakh crore shows a 17.7 per cent year-on-year growth: Tax department statement
Net direct tax collection at Rs 19.58 lakh cr in 2023-24 fiscal exceeds revised estimates by Rs 13,000 crore: Tax department
The Treasury general account balance jumped to its highest level since May 2022. The Treasury’s cash pile surged by $172 billion to $897 billion on Monday as the income tax deadline came due. This is the highest increase since the April 2022 tax collection. In April 2024 so… https://t.co/5s8PWt3Cie
One day after the huge Treasury cash increase (thanks to taxes), reverse repo surged by $69BN to $440.5BN, up from $327BN on Monday. https://t.co/bAufdY5EuR
Treasury cash soars by $173BN on April 15 to $897BN, as taxes come in; this is the highest in two years and gives TSY $150BN in stimmy dry powder (less Bill issuance, less RRP drain). https://t.co/tqa7vFE90w
The 10-year Treasury yield closed at its most overbought level relative to its 50-DMA since June 14th, 2022 today. Mid-June 2022 was when the yield first touched up against 3.5% during the 2022 surge in rates.
The US Treasury’s cash balance surged on Monday as payments poured in at the government’s mid-April deadline for income taxes. https://t.co/esheGU4FH6