income tax collection

Finance Minister Nirmala Sitharaman on Friday said the Narendra Modi government has provided several tax benefits to middle class people, including income tax exemption for those earnings up to Rs 7.27 lakh per annum. Asserting that no…

A higher share of direct taxes is considered a hallmark of progressive tax burden. This is because direct tax burden increases as income/wealth of the taxpayer goes up. How does India fare on the direct tax front? Here are five charts that…

Direct tax collection has increased by 35.46 per cent to Rs 6.48 lakh crore in the current fiscal up to September 8, the finance ministry said. This includes both personal income tax. The surge in the direct tax collection so far this…

<!-- -->Trust-based taxation system resulting in improved collections: Finance MinisterNew Delhi: Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in…

The aggregate private corporate spending on ‘compensation of employees’ (COE) continues to rise ahead of nominal GDP growth due to increasing formalisation of the economy, said ICICI Securities research note authored by analysts Vinod…

NEW DELHI: The Income Tax department has made the "highest" collection in its history, CBDT chairman J B Mohaptra said on Thursday when the direct tax mop up jumped over 48 per cent in the current fiscal backed by a 41 per cent surge in…

Image Source : PIXABAY Taxpayers can now access new I-T Annual Info Statement on e-filing…