Personal income tax to GDP ratio rises to 2.94% in FY22

New Delhi: Personal income tax as a percentage of GDP has increased from 2.11 per cent…

Net direct tax growth to slow to 15% for 2022-23

Net personal income tax collections were growing at a faster pace of 20.7% compared to corporate…

Net direct tax collection has increased by 18.4% so far this year

Photo has been used for representation only. , photo credit: freepik India’s gross direct tax collections…

Income tax refunds of over Rs 1.83 lakh crore issued so far in this financial year: CBDT

The Income Tax Department on Thursday said that refunds worth over Rs 1.86 lakh crore have…

We need a personal tax system that is simple and fair

These can be easily automated by linking them with average retail inflation, so that the slabs…