Search For "personal income tax"
Income tax-biggest revenue category; corporate tax now behind even GST: An
Updated : 1 year, 8 months ago IST
Personal income tax now accounts for nearly 30 per cent of gross tax collection, emerging as the government's largest resource mobiliser.
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Gross Direct Tax collections for financial year 2023-24 register growth of
Updated : 1 year, 12 months ago IST
The provisional figures of Direct Tax collections for the financial year 2023-24 (as on March 17, 2024) show that net collections are at Rs. 18,90,259 crore, compared to Rs. 15,76,776 crore in the corresponding period of the preceding financial year 2022-23, representing an increase of 19.88
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Major personal income tax relief: Finance act 2023 amends section 87a, no
Updated : 2 years, 2 months ago IST
Ministry of Finance posted on X, "Benefits in Personal Income Tax! Vide Finance Act, 2023, Section 87A of the Income-tax Act, 1961 has been amended to allow rebate to tax resulting in no tax liability to persons having income up to Rs. 7 lakh. (1/5) #PromisesDelivered"
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Gross direct tax collections rise about 18 per cent this fiscal
Updated : 2 years, 4 months ago IST
Over the last few years, various efforts have been made to increase the tax base and improve compliance.
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Sitharaman says new taxation regime now has got greater incentives
Updated : 3 years, 1 month ago IST
In her budget speech, the minister made five major announcements in regard to personal income tax, saying these primarily benefit hard-working middle class
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Chairman of Boston Consulting Group lauds Budget, calls it 'clean, simple,
Updated : 3 years, 1 month ago IST
Speaking on the Personal Income Tax rebate in the new tax regime, Sinha said, "Middle class will benefit most from this year's budget. Consumption will increase due to this move and the economy will further boost."
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Net direct tax collections jump 45 per cent till June 16 in 2022-23
Updated : 3 years, 9 months ago IST
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
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IMF engages in tough talks with Pakistan as country shares coming 2022-23
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 9 (ANI): International Monetary Fund (IMF) drives hard bargain with Pakistan as the fund engages in tough talks by the indicated placement of four to five major prior actions for the revival of the stalled USD 6 billion programme.
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IMF asks Pakistan for changes in personal income tax
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], March 23 (ANI): The International Monetary Fund (IMF) has reiterated the changes in personal income tax in Pakistan amid continuing economic downturn in the country.
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IMF says Pakistan's economy unstable, proposes implementation of structura
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 4 (ANI): International Monetary Fund (IMF) has said that Pakistan's economy remains vulnerable because of delayed implementation of structural reforms and widening imbalances on external accounts.
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Net direct tax collections for 2021-22 grow over 74 pc
Updated : 4 years, 5 months ago IST
New Delhi [India], September 25 (ANI): The gross direct tax collections for 2021-22 have registered a growth of 47 per cent and the net direct tax collections for the fiscal have grown at over 74 per cent.
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Net direct tax collections so far this fiscal rise over 91 pc to Rs 2.49 l
Updated : 4 years, 8 months ago IST
New Delhi [India], July 10 (ANI): Despite the worse condition due to COVID-19 which impacted economic growth, the net direct tax collection has doubled to over Rs 2.49 lakh crore so far this fiscal, mainly driven by personal income tax and advance tax mop up, Income Tax department sources
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