IRD reports revenue growth of 11.30% « Khabarhub
Thursday, July 18th, 2024

IRD reports revenue growth of 11.30%


21 June 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The Inland Revenue Department (IRD) has reported a notable increase in revenue collection over recent months.

According to IRD statistics, revenue collection until June 14 in the current fiscal year totaled Rs 41 billion and 190 million, marking an 11.30% increase from the Rs 37 billion collected during the same period last fiscal year.

In the past 11 months leading up to June 14, 2024, the IRD collected Rs 448 billion, reflecting a 9.64% rise compared to the Rs 408 billion collected during the corresponding period in the previous fiscal year.

IRD Director General Shiva Lal Tiwari noted that revenue collection until June 14 this fiscal year increased by Rs 40 billion compared to the previous fiscal year.

Income tax contributed Rs 232 billion (including rent and interest), while VAT (internal) contributed Rs 112 billion and excise duty contributed Rs 95 billion to the total revenue collection.

An additional Rs 8 billion was collected from sources related to health services, education, and other sectors.

As of June 14, revenue collection has reached 78.5% of the total targeted revenue, and efforts will continue to intensify revenue collection to meet the fiscal year’s target by July 15.

Publish Date : 21 June 2024 12:05 PM

Attorney General Badal commits to ensuring justice for victims

KATHMANDU: Newly appointed Attorney General Ramesh Badal has pledged to

Rimal appointed Chief Political Adviser, Khatiwada named Economic Adviser to PM Oli

KATHMANDU: Bishnu Rimal has been appointed as the chief political

A look at high-profile politician assassinations across South Asia

WASHINGTON: The recent assassination attempt against former President Donald Trump

Road upgrading activities on Prithvi Highway halted during monsoon

TANAHU: Road upgrading activities related to the Muglin-Pokhara road expansion

Four Nepali Congress ministers appointed in Madhesh Province

KATHMANDU: Madhesh Province welcomed four new ministers from the Nepali