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E-mail ID will not be published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

  • Kejriwal will do well to ignore the bickering and get on with work

    Psychologists explain implosion as a form of behaviour involving intensive recollection and review of anxiety-producing situations or events in an att

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Today's Columns

Simon J Evenett

Are you keeping an eye on BRIC reforms?

When the history of state action during the crisis era ...

Kuruvilla Pandikattu SJ

How do we explain pain and passion?

The holy week that the christians celebrate this week recalls ...

Shona Adhikari

Anjolie Ela Menon, the storyteller, is back

Anjolie Ela Menon, one of India’s most celebrated artists, is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture