Personal income tax collection overtakes corporate tax: Report

Aug 27, 2025

Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax...

Income tax-biggest revenue category; corporate tax now behind even GST: Anand Rathi report

Jul 15, 2024

Personal income tax now accounts for nearly 30 per cent of gross tax collection, emerging as the government's largest resource mobiliser.

PoGB traders continue protest against taxes by government, halt cross-border movement

Sep 24, 2025

They are demanding policy reforms and protesting against the collection of sales tax, income tax, and excise duty by the federal government from the...

Robust net direct tax collection in FY25, (upto July 11) up 19.54 per cent

Jul 13, 2024

The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Direct tax collections rise 2.36% in FY26 so far; Corporate Tax leads growth, refunds slow down

Oct 14, 2025

The gross direct tax collection of the Central government has increased by 2.36 per cent so far in the current financial year (as of...