
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).
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).
The average income is expected to touch ₹50 lakh in 2047, says SBI Research
These notices were sent to individuals whose annual income was more than ₹50 lakh.
The Shree Cement stock opened at ₹22,630 apiece on the National Stock Exchange (NSE) before hitting a low of ₹22,605.
There is no proposal to bring agriculture income under the tax fold as of now, says Sitharaman
Both pre-pandemic slowdown and pandemic crisis disproportionately hurt lowest income group, while sparing others.
Finance minister has proposed major tax reforms in a push to the new tax regime. Here's how much you can save.
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.
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.
Finance Minister Nirmala Sitharaman on Wednesday proposed to increase the rebate limit to ₹7 lakh in the new tax regime.