Net direct tax collection for the first quarter of FY24 as on June 15 soared by 36 per cent to ₹3.78 trillion, indicating better corporate performance and a sustained economic growth trend.
Advance tax payment for the first quarter (between April 1 and June 15) stood at ₹1.16 trillion. This includes corporation tax at ₹92,173 crore and personal income tax at ₹23,513 crore.
June 15 was the deadline for the first instalment of advance tax.
Besides advance tax, the major contributor to high tax collection has been tax deducted at source (TDS), which came to around ₹2.69 trillion during the period.
Diese Geschichte stammt aus der June 17, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der June 17, 2023-Ausgabe von Business Standard.
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Changes in policy terms must be conveyed
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As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.
Nifty falls to near 5-month low
Earnings disappointment and foreign outflows continue to weigh on markets
BITING THE BULLET
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