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Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Govt unlikely to go for income tax cut due to fiscal stress

The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10

30 Oct 2019 6:48 PM IST

Auto experts said the fall in automobile sales were due to lack of liquidity in the financial system, decline in overall economic activity and an increase in prices of vehicles across segments.

Indian auto executives seek tax cuts, easier finance access to revive...

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

8 Aug 2019 9:18 AM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

GST panel likely to recommend tax cuts on 20-25 products: sources

The proposed GST tax cuts will have limited impact on government revenue.

20 Sept 2019 12:12 PM IST

Petrol price hiked by 40 paise/litre, diesel by 45 paise. (PTI Photo)

Total tax on petrol down to 50 pc, diesel to 40 pc after duty cuts

The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and VAT to...

7 Nov 2021 1:18 PM IST

File image of a man counting cash at a petrol pump.

Opposition appeals TN govt to effect a tax cut on petrol, diesel

Kerala had revised VAT on petrol from the earlier 31.8 per cent to 30.11 per cent from June 1.

6 Jun 2018 5:21 PM IST

Automakers in India want a temporary tax cut on cars, trucks and motorbikes . (PTI Photo)

India's automakers seek tax cut to boost demand

Passenger vehicle sales in India fell 18% in the year to end-March 2020

19 April 2020 9:16 AM IST