Search For "tax revenue"
Grant-in-aid, tax devolution from Centre to States will moderate at 4.5 pc
Updated : 1 year, 4 months ago IST
State governments across India are expected to face tighter finances in FY25, as grants-in-aid from the Centre are projected to decline by 6.3 per cent, highlighted a report by NSE.
Read More
Pakistan's humungous internal borrowings push it towards a double debt cri
Updated : 1 year, 6 months ago IST
Pakistan currently finds itself in a double-edged debt trap. The entire budget of the country goes into domestic and foreign debt servicing, which consumes its tax revenue, hence, the country is forced to rely on its internal borrowing for survival.
Read More
Central govt allocates Rs 3.66 lakh crore to states between April -July 24
Updated : 1 year, 6 months ago IST
The central government has received a total amount of Rs10,23,406 crore by the end of July 2024 through various tax and non-tax revenues.
Read More
New tax regime offers a clear and straightforward calculation of tax liabi
Updated : 1 year, 7 months ago IST
An increasing number of taxpayers have opted for the New Tax Regime this year. Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime compared to 2.01 crore ITRs filed in the Old Tax Regime.
Read More
Ashapura Logistics IPO opens on 30th July, 2024
Updated : 1 year, 7 months ago IST
New Delhi [India], July 29: Ashapura Logistics is an integrated logistics company in India, primarily operating in Cargo handling and freight forwarding segment, Transportation (including project logistics and third-party logistics. Warehousing and Distribution and other services (including
Read More
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.
Read More
The government will continue on the path to fiscal consolidation in FY25:
Updated : 1 year, 8 months ago IST
The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
Read More
Pakistan FinMin says Pak will stay in IMF cycle if taxes not tweaked
Updated : 1 year, 8 months ago IST
Aurangzeb said that the "upcoming IMF programme will not be our last fund programme if we don't bring our tax revenues up."
Read More
Government received 18.6 pc of its budget estimate revenue in first two mo
Updated : 1 year, 8 months ago IST
The Government of India reported that its total receipt from tax and non-tax revenue is Rs 5,72,845 crore, which is 18.6 per cent of the Budget Estimate (BE) for the financial year 2024-25, by the end of May 2024.
Read More
PoGB finance minister presents deficit budget of PKR 11.92 billion amid op
Updated : 1 year, 8 months ago IST
Mesum in his statement claimed that the budget is inappropriate and neglects key sectors like health and agriculture. According to the Dawn news report, the leader also alleged that the budget was biased towards making budgetary allocations, as funds were only approved for schemes that benef
Read More
"GST lowered taxes on many essential items compared to pre-GST rates" says
Updated : 1 year, 10 months ago IST
Union Finance Minister Nirmala Sitharaman shared a post on social media on Monday highlighting the two recent achievements in the Goods and Services Tax (GST) architecture.
Read More
States to sustain capex focus with improved fiscal space: Ind-Ra report
Updated : 1 year, 11 months ago IST
Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
Read More