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New Delhi: India’s corporate tax collection has more than doubled from Rs 4,57,719 crore in 2020-21 to Rs 9,86,767 crore in 2024-25, the Parliament was informed on Tuesday. Minister of State for Finance Pankaj Choudhary told in the Rajya Sabha, aid in a written reply to a question, that the RBI, in the article “Resilience…
Last Updated:August 27, 2025, 19:19 is Economists Emmanuel Saez and Gabriel Zucman found Forbes 400 billionaires like Elon Musk pay lower tax rates than average US workers. A file photo of Elon Musk (AP) A new research by University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman found that the wealthiest Americans are paying…
New Delhi: The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after reduction of the corporate tax rates with effect from Assessment year (AY) 2020-21, the Parliament was informed on Monday. Since FY 2021-22, the…
New Delhi: The gross direct tax collection (corporate tax, non-corporate tax, securities transaction tax and other levies) in the current fiscal (2025-26) rose by 4.86 per cent to Rs 5.45 lakh crore (as of June 19), according to the latest figures released by the Income Tax (I-T) department. However, net collections saw a marginal decline…
New Delhi: Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday. The mop-up includes personal income tax collection of Rs 4.47 lakh crore and corporate tax collection of Rs 2.22 lakh crore. Securities Transaction Tax (STT) mopped up Rs…