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Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

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

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

11 Oct 2017 4:18 PM IST

Union Finance Minister Arun Jaitley addressing a press conference after a cabinet meeting in New Delhi. (Photo: PTI)

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 Sept 2017 11:16 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Budget may hike I-T exemption threshold, levy 40 pc tax on income over...

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

30 Jun 2019 12:36 PM IST

Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could top up their taxes to the 15% minimum, eliminating the advantage of shifting profits.

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...

12 Jan 2024 3:10 AM IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

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...

21 Jan 2017 4:19 PM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

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...

5 April 2017 3:39 AM IST

Coal Minister Piyush Goyal

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 IST