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    Keir’s small boats plan won’t deter ANYONE – hapless French will let them loose to do it again, immigration boss slams

    Keir’s small boats plan won’t deter ANYONE – hapless French will let them loose to do it again, immigration boss slams

    Charles warns small boats crisis is a ‘profound challenge’ as he hosts Macron at state banquet ahead of migrant ‘deal’

    Charles warns small boats crisis is a ‘profound challenge’ as he hosts Macron at state banquet ahead of migrant ‘deal’

    Jeremy Corbyn’s planned hard-left party of two in chaos as he refuses to confirm who’ll lead it

    Jeremy Corbyn’s planned hard-left party of two in chaos as he refuses to confirm who’ll lead it

    Keir insists he’s still backing Reeves after ‘late-night talks’ as he tries to steady ship after Commons chaos

    Keir insists he’s still backing Reeves after ‘late-night talks’ as he tries to steady ship after Commons chaos

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      Prince Harry lawyers told to disclose details of payments to witnesses in Mail trial

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      Future of Media Awards shortlist highlights best of digital journalism in 2025

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        Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

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        Keir’s small boats plan won’t deter ANYONE – hapless French will let them loose to do it again, immigration boss slams

        Keir’s small boats plan won’t deter ANYONE – hapless French will let them loose to do it again, immigration boss slams

        Charles warns small boats crisis is a ‘profound challenge’ as he hosts Macron at state banquet ahead of migrant ‘deal’

        Charles warns small boats crisis is a ‘profound challenge’ as he hosts Macron at state banquet ahead of migrant ‘deal’

        Jeremy Corbyn’s planned hard-left party of two in chaos as he refuses to confirm who’ll lead it

        Jeremy Corbyn’s planned hard-left party of two in chaos as he refuses to confirm who’ll lead it

        Keir insists he’s still backing Reeves after ‘late-night talks’ as he tries to steady ship after Commons chaos

        Keir insists he’s still backing Reeves after ‘late-night talks’ as he tries to steady ship after Commons chaos

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          Prince Harry lawyers told to disclose details of payments to witnesses in Mail trial

          Prince Harry lawyers told to disclose details of payments to witnesses in Mail trial

          Future of Media Awards shortlist highlights best of digital journalism in 2025

          Future of Media Awards shortlist highlights best of digital journalism in 2025

          Business Post: From ‘shocking’ engagement to 12,000 subscribers

          Business Post: From ‘shocking’ engagement to 12,000 subscribers

          News diary 7-13 July: 7/7 bombings 20th anniversary, Netanyahu at White House, Macron state visit to UK

          Trending Tags

          • Tech
            ‘Death date’ of universe revealed as scientists predict when ‘shrinking’ will start before ‘Big Crunch’ wipes us all out

            ‘Death date’ of universe revealed as scientists predict when ‘shrinking’ will start before ‘Big Crunch’ wipes us all out

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

            I used ChatGPT as FREE nutritionist to rate my diet & turbocharge my health – it found TWO hidden dangers in my meals

            I used ChatGPT as FREE nutritionist to rate my diet & turbocharge my health – it found TWO hidden dangers in my meals

            Huge number of horses’ facial expressions revealed as scientists discover equine ‘language’

            Huge number of horses’ facial expressions revealed as scientists discover equine ‘language’

          • Health
          • Science

            We’ve probably already been discovered by aliens, but they have some pretty good reasons to hide.

            Almost everyone is said to benefit from a scientifically supported method for improving sleep.

            2,500-year-old rock engravings were found near Mosul, Iraq.

            Is the soul of a person eternal? the findings of scientists

            With its most recent move, is General Electric abandoning wind power?

          • Crypto
          • Entertainment
            • All
            • Gaming
            • Sports
            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

            UFC 316 – Merab Dvalishvili vs Sean O’Malley 2: Fight time, full card, TV channel and live stream ahead of huge rematch

            UFC 316 – Merab Dvalishvili vs Sean O’Malley 2: Fight time, full card, TV channel and live stream ahead of huge rematch

            Olympics gender row boxer Imane Khelif BANNED from next week’s World Cup as chiefs introduce mandatory sex testing

            Olympics gender row boxer Imane Khelif BANNED from next week’s World Cup as chiefs introduce mandatory sex testing

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            A Site for Situated Practices: Mezzanine

            Exhibition: Substance & Recoding: The Narrative of Contemporary Objects in the Semantic Turn

            Discover Amsterdam’s beauty from the water

            An adventure on the canals of Amsterdam

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            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain's Latest Collection.

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

            after builders cleaning

            After Builders Cleaning Services in UK with Cliffycox: Reviving Spaces, Redefining Cleanliness

            Creating an Oasis Deponti Glass Room Products and Maze Outdoor Kitchens

            Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

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          Record income tax revenue, 3.13 lakh crore, a 20 percent increase over last year

          by Anderson
          March 19, 2024
          in Asian Business
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          Record income tax revenue, 3.13 lakh crore, a 20 percent increase over last year

          Government of India has once again created a new record in income tax. Revenue from direct taxes like income tax has increased by around 20 per cent in FY 2023-24. Due to this, the government’s direct tax collection has increased by about Rs 3 lakh crore compared to the previous financial year 2022-23.

          People who pay income tax or other direct taxes. The government earns a lot from it. The provisional direct tax collection figures released by the government in the financial year 2023-24 revealed that the government’s tax collection has increased by 19.88 per cent, i.e. nearly 20 per cent, as compared to 2022-23. If we compare the money coming into the government exchequer in both the financial years, the government’s earnings in 2023-24 have increased by more than 3 lakh crore rupees.

          The figures released by the government are only till March 17 of the current year. While the last date for the financial year 2023-24 is 31 March 2024. The new financial year 2024-25 will start from April 1 next. In this situation, the direct tax collection of the government may still increase a little more.

          So much money came into the government treasury

          In a statement released on Tuesday, the Central Board of Direct Taxes (CBDT) said that the government has received Rs 18,90,259 crore as direct tax till March 17 in the current financial year. While in the financial year 2022-23 this amount was Rs 15,76,776 crore. In this way, the direct tax collection of the government has increased by 3.13 lakh crore rupees.

          The direct tax collection of the government in the form of corporate tax is Rs. 9,14,469 crores have been received. While the income tax collected from individual taxpayers to the government is Rs. 9,72,224 crores have been received.

          The CBDT clarified that, till March 17, the government has also received about Rs 3.37 lakh crore as income tax refund. If these are combined, the gross direct tax collection of the government comes to Rs 22.27 lakh crore. Which is 18.74 percent more than the gross direct tax collection of 2022-23. For the entire financial year i.e. up to 31 March 2024, the government has allocated a total of Rs. 19.45 lakh crore expected tax collection.

          GST is also generating huge revenue

          Not only direct taxes, the government is also getting huge revenue from indirect taxes like GST. In February alone, the government’s Goods and Services Tax i.e. GST collection was Rs. 1.68 lakh crore was. While the GST collection in the 11 months of the current financial year 2023-24 has been Rs 18.40 lakh crore.

           

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