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.

EDITORIAL OF THE DAY

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture