Corporate Tax Collection News

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India’s direct tax collections beat budget estimates I Details

India has recorded strong growth in direct tax collection for the financial year FY23. The net collections stood at Rs16.61 lakh crore for the 2023 fiscal, registering a growth of 17.63% YoY. The collections have exceeded budget estimates by Rs2.41 lakh crore. India’s direct tax collections for the last financial year that is FY 22 stood at Rs14.12 lakh crores.

4 Apr 2023
Politics

Direct tax collections at 38.6% of estimates in Apr-Sep, higher fiscal deficit looms

After adjusting for refunds, the net growth in corporate tax collections was 18.7% and personal income tax was 14.9%.

1 min read4 Oct 2018
Politics

Corporate tax cuts when income tax collections rise, says Hasmukh Adhia

Finance secretary Hasmukh Adhia says it is important to 'remove the unevenness' in tax collections, with the salaried class paying more tax than businessmen

1 min read6 Feb 2018

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