Thursday, May 30, 2024 | Last Update : 09:20 AM IST

personal income tax

Net Direct Tax Collection Surges by 19%

The government has budgeted to collect Rs 18.23 lakh crore from direct taxes, 9.75% higher than Rs 16.61 lakh crore mopped up last fiscal

12 Jan 2024 3:10 AM

Budget may hike I-T exemption threshold, levy 40 pc tax on income over Rs 10 cr: KPMG

The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across industries.

30 Jun 2019 12:36 PM

Direct tax collections rise 15.8 per cent to Rs 3.86 lakh crore in September

CBDT reveals growth in personal income tax, PIT, advance tax is 30.1 per cent.

11 Oct 2017 4:18 PM

Slew of measures taken to better tax administration: Jaitley

Recently tax rate for income of Rs 2.5 lakhs to Rs 5 lakhs was reduced from 10 per cent to 5 per cent.

30 Sep 2017 11:16 AM

Tax collection beats estimates

As far as direct taxes are concerned revenue collections upto March, 2017 show a gross collection of Rs 10.09 lakh crore.

05 Apr 2017 3:39 AM


Lower tax rates only after all paid dues: Goyal

Power Minister's remarks come in backdrop of industry chambers asking for zero or 5 per cent tax under GST regime.

25 Feb 2017 10:39 AM

Tax exemption limit may go up in range of Rs 3 lakh to Rs 4 lakh

Personal income tax exemption till Rs 2.5 lakh per annum was incorporated in 2014-15 Budget, since then it has not changed.

21 Jan 2017 4:19 PM