corporate income tax
Budget 2023 Exclusive: Govt may allow deductions in new income tax regime - Expectations
Thu, Jan 19, 2023
Budget 2023: The government had in 2020 introduced a new tax regime. In the new regime, a taxpayer is not allowed to claim exemptions. The new tax regime has six slabs -- 5 per cent, 10 per cent, 15 per cent, 20 per cent, 25 per cent and 30 per cent.
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Budget 2022: Minimum Corporate Tax Presented by Rajiv Gandhi in 1987-88
Thu, Jan 20, 2022
Former Prime minister Rajiv Gandhi presented Minimum Corporate tax in union budget in 1987-88 as finance minister. The governemt estimates 75 crores extra revenue income from this tax only. here you know why government implement this tax in year 1987-88
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Direct tax collections rise 18.2% in April-December 2017: FinMin
Tue, Jan 09, 2018
An amount of Rs 3.18 lakh crore has been received as Advance Tax up to December, 2017 reflecting a growth of 12.7% over the Advance Tax payments of the corresponding period of last year, said the Finance Ministry statement.
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Direct tax collections rise 17.5% till August, Govt says
Mon, Sep 11, 2017
Direct tax collections in the current fiscal till August 2017 rose 17.5%, ministry of finance said. This collection is 22.9% of the total Budget Estimates of Direct Taxes for the Financial Year 2017-18, the statement said.
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Issued income tax refunds to the tune of Rs 61,920 crore till July, Govt says
Wed, Aug 09, 2017
Surabhi Ahluwalia, Commissioner of Income Tax, Central Board of Direct Taxes (CBDT), in a statement on Wednesday said, "So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections is concerned, the growth rate for CIT is 7.2% while that for PIT (including STT) is 17.5%."
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