Tax net widened, tax liability of middle class reduced under Modi govt

Nov 13, 2024

There has been a 120 per cent increase in returns filed between 2014 and 2024. From some 3.6 crore Income Tax Returns Filed in...

Pakistan's tax chief expresses inability to bring 4 million people under tax net

Nov 18, 2021

Islamabad [Pakistan], November 18 : Pakistan's tax chief Dr Mohammad Ashfaq, who took reins of the Federal Board of Revenue (FBR) over three months...

Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years

Jan 02, 2023

The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price....

The government will continue on the path to fiscal consolidation in FY25: SBI CAPS

Jul 10, 2024

The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods...

Net direct tax collections rise 23 per cent this fiscal

Sep 18, 2023

A total of Rs 865,117 crore worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 23...

FY24 net direct tax collections exceed budget estimation by 7.4%

Apr 21, 2024

The gross direct tax collections for the Financial Year (FY) 2023-24 in India reached Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore...