Government Budgets

Tax receipts at Rs.14.6 lakh cr, exceeds estimates

  1. News: The govt collected Rs.14.6 lakh crore in taxes in financial year 2015-16, which is higher than the Budget Estimates and Revised Estimates for the year
  2. Reason: The bulk of the growth in total tax revenues was due to the increase in indirect tax collections
  3. Statistics: Indirect tax collections were 31.1% higher than in the previous financial year
  4. The total collection has exceeded the revised estimates and represents a growth of 17.6% compared to the last financial year
  1. News: The govt collected Rs.14.6 lakh crore in taxes in financial year 2015-16, which is higher than the Budget Estimates and Revised Estimates for the year
  2. Reason: The bulk of the growth in total tax revenues was due to the increase in indirect tax collections
  3. Statistics: Indirect tax collections were 31.1% higher than in the previous financial year
  4. The total collection has exceeded the revised estimates and represents a growth of 17.6% compared to the last financial year
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments