IDBI Bank collects Rs 2 trillion in taxes in FY14

Tags: News
Public-sector lender IDBI Bank today said it has mobilised close to Rs 2 trillion in direct and indirect taxes on behalf of the Central and state governments in FY2013-14.

The bank has surpassed the Rs 1-trillion-mark in direct tax collection during the year, a statement said.

"The aggregate collection of direct and indirect taxes was around Rs 1,95,000 crore, up from Rs 1,59,000 crore in FY'13," the bank said.

In FY'14, the bank launched online payment of stamp duty and registration fee in Maharashtra.

The bank is authorised to collect commercial tax, government receipts in Assam, Andhra, Bihar, Gujarat, Jharkhand, Haryana, Karnataka, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Uttarakhand, Delhi, Dadra & Nagar Haveli and Puducherry.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Customer orientation needs human touch

In the mid-1990s, while researching drivers of corporate excellence, we ...

Kuruvilla Pandikattu SJ

Can religion help us protect our planet?

Though not factually true, in popular imagination, the relationship between ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture