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News Misc. - Direct Tax

  • Feb 09, 2019
  • Direct tax collection during April-January stands at Rs 7.89 trn: Govt

    Net direct tax collection during the April-January period of current financial year stood at Rs 7.89 trillion, Parliament was informed on Friday. 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. A taxpayer is a person who either files a return of income or in whose case tax has been deducted or paid.