Personal Income Tax

Gross: Net direct tax collection rises 11% to about Rs 3.80 lakh crore so far this fiscal: Finance ministry – Times of India

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[ad_1] NEW DELHI: The figures of direct tax collections for financial year 2023-24 as on June 17 show that net collections are at Rs 3,79,760 crore, compared to Rs 3,41,568 crore in the corresponding period of the preceding FY, representing an increase of 11.18%.As per a statement released by the finance ministry on Sunday, net … Read more

Personal Income Tax To GDP Ratio Rises To 2.94% In FY22

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[ad_1] New Delhi:  Personal income tax as a percentage of GDP has gone up from 2.11 percent in the 2014-15 to 2.94 percent in the 2021-22 fiscal, indicating that the taxpayer base is widening as a result of the steps taken by the present government led by Prime Minister Narendra Modi. At a review meeting … Read more