Income tax-biggest revenue category; corporate tax now behind even GST: Anand Rathi report

Jul 15, 2024

Personal income tax now accounts for nearly 30 per cent of gross tax collection, emerging as the government's largest resource mobiliser.

GST collection in Jan 2024 registers second highest monthly revenue

Jan 31, 2024

The Goods and Services Tax (GST) collection for January 2024 has recorded the second-highest monthly collection ever, according to the Ministry of Finance.

Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years

Jan 02, 2023

The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price....

PM Modi lauds highest-ever GST collection in April 2023

May 01, 2023

"Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance,"...

Gross direct tax collections grow 24.58 pc to Rs 14.71 lakh crore in FY23

Jan 11, 2023

According to the statement from the finance ministry, the provisional figures of Direct Tax collections up to January 10, 2023, continue to register steady...

"Curb illegal liquor, recover tax arrears": CM Siddaramaiah directs Excise department

Sep 14, 2023

Karnataka Chief Minister Siddaramaiah on Thursday directed the officials of the Excise Department to curb illegal liquor in the state and recover tax arrears...