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Image used for representative purpose only. India’s net direct tax collections’ growth accelerated to 22.5% by August 11, from a 19.54% recorded a month ago, led by a 30% spike in Personal Income Tax (PIT) revenues and a 111% surge in Securities Transaction Tax (STT) receipts, even as corporate tax inflows grew a mere 5.9%…
Read More “STT, PIT spikes lift net direct tax receipts 22.5%” »
Personal income tax receipts constituted 60.2% of the net collections, while corporate taxes yielded 36.6% of net revenues. File | Photo Credit: Reuters Growth in India’s net direct tax collections slowed slightly to 19.54% by July 11, relative to a 21% rise recorded by June 17, with revenues hitting ₹5.74 lakh crore, the Income Tax…
Read More “Net tax receipts up 19.5%, corporate tax share at 36.6%” »
Personal income tax receipts constituted 60.2% of the net collections, while corporate taxes yielded 36.6% of net revenues. File | Photo Credit: Reuters Growth in India’s net direct tax collections slowed slightly to 19.54% by July 11, relative to a 21% rise recorded by June 17, with revenues hitting ₹5.74 lakh crore, the Income Tax…
Read More “Net tax receipts up 19.5%, corporate tax share at 36.6%” »
Image used for representational purpose only. | Photo Credit: S. Siva Saravanan Gross direct tax collection grew 15.73% to ₹6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said on August 11. Net direct tax collection after adjusting refunds stands at ₹5.84 lakh crore, which is 17.33% higher than the…
Read More “Direct tax collections rise 16% to ₹6.53 lakh crore till August 10 in FY24” »