2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs.10.03lakh crore
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Rs.1.31lakh crore
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Rs.8.357lakh crore
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Rs.6.08lakh crore
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Detailed explanation-1: -The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs. 9.95 lakh crore which is 17.1% higher than the net collections for FY 2016-17. The net Direct Tax collections represent 101.5% of the Budget Estimates (Rs. 9.8 lakh crore) and 99% of the Revised Estimates (Rs.
Detailed explanation-2: -India’s gross direct tax collections for the financial year 2022-23 have registered a growth of 25.90%. According to the Income Tax Department of India, the gross collection stands at ₹13, 63, 649 crore as of 17 December 2022.
Detailed explanation-3: -India Tax Revenue was reported at 6.578 USD bn in Nov 2022. This is a decrease from the previous figure of 19.339 USD bn for Oct 2022. India Tax Revenue data is updated monthly, averaging 6.289 USD bn from Apr 1997 to Nov 2022, with 308 observations.
Detailed explanation-4: -He further said that Mumbai is the leading city in India with a tax collection of ₹ 4.4 lakh crore. Bengaluru is number two followed by Delhi, Chennai, Hyderabad, Pune, and Ahmadabad.