Tag: personal income tax
Taxman recovers Rs 35,500 crore outstanding from April to September
New Delhi: The Central Board of Direct Taxes (CBDT) has recovered ₹35,500 crore of outstanding dues for the April-September period of this financial year, ET…
Revised estimates for direct tax revenues may remain unchanged
The Centre is unlikely to change the budgeted estimate for direct tax collection for this financial year, pegged at ₹22.07 lakh crore in July, when…
Direct tax mopup rises 294 percent in a decade
New Delhi: India’s personal income tax collection grew at double the pace of corporate tax collections in the last one decade, on account of better…
India’s net direct tax collections surge 182% in decade
India’s net direct tax collections skyrocketed 182.02% in a decade to Rs 19.60 lakh crore in FY24, from 6.95 lakh crore in FY15, driven by…
Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh crore
New Delhi: The government’s advance tax collections rose 22.61% to ₹4.36 lakh crore in the first half of the current financial year (April- September 15),…
Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?
Back in 2010-11, India’s corporate tax mop-up was twice its personal income tax (PIT) collection. Now both are almost equal. In the past decade, the…
Personal income tax to GDP ratio rises to 2.94 per cent in FY22
Personal income tax as a percentage of GDP has gone up from 2.11 per cent in 2014-15 to 2.94 per cent in 2021-22 fiscal, indicating…
Direct Tax: Gross direct tax upto March 10 at Rs 16.68 lakh crore, up by 22.58%
Gross direct tax collections for current fiscal year upto March 10 stood at Rs. 16.68 lakh crore, higher by 22.58% over gross collections for corresponding…
Eco Survey shows jump of 26% in direct income: Does this signal tax relief in budget 2023?
The Economic Survey 2023 says that between April to November 2022, direct taxes registered a growth of 26% year on year basis. This has been…