Corporate tax collection up 55% to ₹7.1 lakh cr in FY22
The percentage of net corporate tax to GDP, at current prices, was 3.01% in FY22, shows FinMin data.
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IMF, World Bank are right; indicators point to 2023 GDP growth challenges
From tax collections to credit outflow, capex, sectoral growth, inflation, interest rates, rupee devaluation and external factors, there are challenges to sustaining growth.
Centre's gross tax revenue up 34% to ₹27.07 lakh crore in FY22
Revenue secretary Tarun Bajaj says gross tax collections soared to a record high of ₹27.07 lakh crore in FY22.
FY22 direct tax collection beats revised estimates, up 48%
The net direct tax collection as on March 16 stands at ₹13,63,038 crore, up 48.4% from ₹9,18,430.5 crore in the corresponding period of the previous financial year.
Budget 2022: Good news on corporate tax
Expected growth in corporate tax collections during FY22 indicates a strong economic revival in spite of Covid-19.
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.
A week of global shocks for markets
After the spike in crude oil price, the US Fed’s rate cut hurts equity indices and investor sentiments.
