Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Secu
New Delhi [India], June 17 (ANI): India's net collection from direct taxes rose to Rs 3,39,225 crore in the current financial year till June 16 as compared to Rs 2,33,651 crore recorded in the corresponding period of the last year, registering a year-on-year growth of 45 per cent, as per the
New Delhi [India], Feb 5 (ANI): Finance Secretary Hasmukh Adhia on Monday said that the Government will bring down its corporate income tax rate, once they witness a surge in the personal income tax collections.