The Conversation: Nitin Gupta, Chairman, CBDT
In order to become a developed economy by 2047, India needs to optimise tax generation to spend on all-round development, including infrastructure.
personal income tax
March 2024
February 2024
December 2023
April 2023
February 2023
January 2023
February 2022
December 2021
FY24 direct tax collection up 20% at ₹15.60 lakh cr so far
Direct tax collection constitutes 80% of the revised budget estimates for the entire fiscal year up to February 10, 2024.
Budget 2024: Gouri Puri, partner at Shardul Amarchand Mangaldas, shares insight on direct tax proposals
Gouri Puri, Partner at Shardul Amarchand Mangaldas & Co., shared her insights on the direct tax proposals unveiled in the interim budget 2024.
Budget 2024: Modi govt may fire 3 key ‘populist’ shots before Lok Sabha polls
Relief to agri sector, rural demand boost and sops to middle class could play well for the Modi govt eying 3rd consecutive term at Centre
Direct tax revenue surges 20% in FY24 so far
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
FY23 direct tax mop up rises 17.63% to ₹16.61 lakh cr
The provisional direct tax collection is higher than the revised estimate at ₹16.50 lakh crore for FY23
Why the new tax regime is the future: Deloitte
The new tax regime will be the default one while citizens will have the option to be in the old tax regime that operates on exemptions.
Budget 2023: Tax relief needed amid high inflation, interest rates, say experts
Ahead of the Budget, experts are of the view that the exemptions and tax slabs in the personal income tax regime need a relook.
Relook at capital gains tax needed: Revenue Secretary Tarun Bajaj
In a post-budget interaction with CII, Bajaj also listed GST and personal income tax as areas on which work is in progress.
Advance tax zooms past pre-Covid level; up 53% at ₹4.59 lakh cr
Advance tax collection in April-December FY22 is up 49.76% over the corresponding period in FY 2018-19 when the advance tax collection was ₹3,07,096.3 crore.
