The Economic Times of India
New Delhi: India’s personal income tax collection grew at double the pace of corporate tax collections in the last one decade, on account of better compliance and reduction in corporate tax, the latest time series data released by the Central Board of Direct Taxes on Thursday showed.The personal income tax collection grew by 294.3% to ₹10.45 lakh crore in FY24…
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Direct tax mopup rises 294% in a decade
New Delhi: India’s personal income tax collection grew at double the pace of corporate tax collections in the last one decade, on account of better compliance and reduction in corporate tax, the latest time series data released by the Central Board of Direct Taxes on Thursday showed.The personal income tax collection grew by 294.3% to