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E-mail ID will not be published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

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

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

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture