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
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.
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.
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.
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.
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.
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.