Direct tax collections rise 23.51% to ₹8.65 lakh cr in FY24
The net direct tax collections include corporation tax at ₹4,16,217 crore (net of refund) and personal income tax including securities transaction tax at ₹4,47,291 crore (net of refund).
income tax
September 2023
August 2023
July 2023
June 2023
April 2023
February 2023
Average income of taxpayers up from ₹4.4 lakh in FY13 to ₹13 lakh in FY22
The average income is expected to touch ₹50 lakh in 2047, says SBI Research
1 lakh income tax notices will be disposed of by March 2024: Nirmala Sitharaman
These notices were sent to individuals whose annual income was more than ₹50 lakh.
Shree Cement shares drop 10% on IT raid
The Shree Cement stock opened at ₹22,630 apiece on the National Stock Exchange (NSE) before hitting a low of ₹22,605.
Centre tracking big spend by non-salaried class to widen tax net: FM
There is no proposal to bring agriculture income under the tax fold as of now, says Sitharaman
What latest tax data says about income inequality
Both pre-pandemic slowdown and pandemic crisis disproportionately hurt lowest income group, while sparing others.
Save More Under New Tax Regime
Finance minister has proposed major tax reforms in a push to the new tax regime. Here's how much you can save.
Tax benefits for the middle class could help improve demand: CRISIL
Rejigging of personal tax rates will lead to increased disposable income in the hands of consumers, which should increase the sales of two-wheelers and entry-level cars, says CRISIL.
Budget 2023 Tax Reforms: How much taxes do you save?
When compared with the old tax regime, income tax rates under the new proposed tax regime are undoubtedly higher, says Aarti Raote of Deloitte India.
FY24 tax proposals to benefit hard working middle class: FM
Finance Minister Nirmala Sitharaman on Wednesday proposed to increase the rebate limit to ₹7 lakh in the new tax regime.
