Latest News on Personal Income Tax
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Personal Income Tax - Total results - 17
Apr 05, 2019
Govt close to meeting fiscal deficit target of 3.4%; some numbers are still to come, says SC GargThe government in the interim Budget in February revised upward the fiscal deficit target to 3.4 percent from 3.3 percent of GDP
Jan 21, 2019
Budget 2019: PHD Chamber expects reforms in farm sector, rationalisation of direct taxes; says bold steps essential to boost investmentConsistent indirect tax revenue growth along with reduction in GST rates by the government indicates that the tax base is widening and economic activity is rapidly expanding in India, it said.
Jan 07, 2019
Direct tax mop up rises 14.1% to Rs 8.74 lakh cr during Apr-Dec 2018; net collections increase by 13.6% to Rs 7.43 lakh crThe gross collections for corporate tax is 14.8 per cent while that for personal income tax is 17.2 percent.
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.
Feb 01, 2018
Budget 2018: FM Arun Jaitley reduces corporate tax rate to 25% for Rs 250 cr turnoverLowering of corporate tax is in tune with Arun Jaitley's promise in 2015-16 Budget.
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,
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.