Net direct tax collections surge 16% to ₹9.95 lakh cr till Sept 17
Net personal income tax collections increased by 18%, reaching ₹5.15 lakh crore, up from ₹4.13 lakh crore.
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The Conversation: Nitin Gupta, Chairman, CBDT
In order to become a developed economy by 2047, India needs to optimise tax generation to spend on all-round development, including infrastructure.
FY24 direct tax collection up 20% at ₹15.60 lakh cr so far
Direct tax collection constitutes 80% of the revised budget estimates for the entire fiscal year up to February 10, 2024.
Budget 2024: Gouri Puri, partner at Shardul Amarchand Mangaldas, shares insight on direct tax proposals
Gouri Puri, Partner at Shardul Amarchand Mangaldas & Co., shared her insights on the direct tax proposals unveiled in the interim budget 2024.
Budget 2024: Modi govt may fire 3 key ‘populist’ shots before Lok Sabha polls
Relief to agri sector, rural demand boost and sops to middle class could play well for the Modi govt eying 3rd consecutive term at Centre
Direct tax revenue surges 20% in FY24 so far
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
FY23 direct tax mop up rises 17.63% to ₹16.61 lakh cr
The provisional direct tax collection is higher than the revised estimate at ₹16.50 lakh crore for FY23
Why the new tax regime is the future: Deloitte
The new tax regime will be the default one while citizens will have the option to be in the old tax regime that operates on exemptions.
Budget 2023: Tax relief needed amid high inflation, interest rates, say experts
Ahead of the Budget, experts are of the view that the exemptions and tax slabs in the personal income tax regime need a relook.
Relook at capital gains tax needed: Revenue Secretary Tarun Bajaj
In a post-budget interaction with CII, Bajaj also listed GST and personal income tax as areas on which work is in progress.
