Latest News on Personal income tax
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Personal income tax - Total results - 10
Oct 11, 2017
Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep: Finance ministryThe net direct tax collections constitute 39.4 percent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal
Jul 07, 2017
Net direct tax collection rises 14.8% to Rs 1.42 lakh cr in Q1, 5.2% drop in refundsThe net direct tax collection represents 14.5 percent of the total Budget Estimates of direct taxes (Rs 9.8 lakh crore) for 2017-18,
Mar 10, 2017
Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%The total direct tax of Rs 6.17 lakh crore and indirect tax mop-up was Rs 7.72 lakh crore, led by robust collections in personal income tax and excise duty, respectively.
Feb 10, 2017
Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%Belying fears of slowdown due to demonetisation, indirect tax collection grew at a decent 16.9 percent in January buoyed mainly by excise, reflecting an uptick in manufacturing.
Jan 23, 2017
Budget may increase income tax exemption limit to Rs 3 lakh from Rs 2.5 lakh, says SBI reportAccording to SBI's research report Ecowrap, the upcoming budget is likely to see an increase in personal income tax exemption limit, increase in section 80C exemption limit, interest exemption on housing loan and and at least reducing (if not abolishing) the lock in period for bank fixed deposits
Jan 16, 2017
Budget 2017: Govt may cut personal income, corporate tax rates to boost economyAmong the measures expected, the finance minister may look at putting in more cash in the hands of individuals by reducing the personal income tax slabs
Dec 05, 2016
Budget 2017: Govt may see more merit in cutting corporate tax, not personal taxAssocham has sought “immediate” reduction in the corporate tax to 25 percent to attract more investment in the country
Nov 16, 2016
Demonetisation: Actual long-term solution for black money is abolishing personal income taxWith massive Aadhaar enrollment and a National Payments System creating the RuPay payment network, India can pioneer the abolition of the personal income tax
Oct 11, 2016
Direct tax collections till September grow 9% to Rs 3.27 lakh croreDirect tax collections during the six months ended September grew about 9 percent to Rs 3.27 lakh crore, buoyed mainly by personal income tax mop-up.
Sep 12, 2016
Direct tax mop-up rises 15% to Rs 1.89 lakh cr in April-August 2016Net direct tax collections during the April-August period has grown 15.03 per cent to Rs 1.89 lakh crore, led by robust collections in personal income tax