Latest News on Corporate Income Tax
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Corporate Income Tax - Total results - 8
Jan 02, 2019
Direct tax-GDP ratio of 5.98% during FY18 best in a decade; returns filings up 80% in last four years: Finance ministryGrowth rate for corporate income tax and personal income tax stood at 17.7 percent and 18.3 percent, respectively.
Dec 10, 2018
Direct tax collections surge 15.7% to Rs 6.75 lakh cr in April-November, says finance ministryGross collections in corporate income tax (CIT) and personal income tax (PIT) grew 17.7 percent and 18.3 percent, respectively.
Jan 09, 2018
Direct tax collections rise 18.2% to Rs 6.56 lakh crore during April-December of current fiscalDirect tax collections soared 18.2 percent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said
Dec 21, 2017
Tax to GDP ratio: Personal income tax comes to Narendra Modi govt's rescue as corporate tax fallsCorporate income tax has fallen from a peak of 3.88 percent of GDP in 2007-2008 to 3.19 percent in 2016-2017
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,
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.
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.