Latest News on Personal Income Tax
Showing of 0 - 10 from 12 results
Personal Income Tax - Total results - 12
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.
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