Last week, the Income Tax (I-T) department released the data of net direct tax collection for FY 2024-25. It mentioned that the collection rose to Rs 5.74 lakh crore till July 11, 2024, which is a ...

Sandeep Sehgal, Partner-Tax at AKM Global, said the government is expected to set slightly higher but realistic targets for ...

India’s technology sector continues to demonstrate resilience amidst weaker global contracts, subdued hiring activities and clampdown on discretionary spend. Image: Freepik Tax receipts refer to the ...

Ahead of Budget 2026, tax experts urge restraint on direct tax changes, arguing the priority should shift from rewriting laws ...

India's net direct tax collections for the fiscal year have increased by 13.13% to over Rs 21.26 lakh crore, driven by higher advance tax collections. Corporate tax collections rose by 12.54%, while ...

In India, taxes play a vital role in the financial ecosystem, impacting the way firms and individuals conduct economic activities. In general, there are two sorts of taxes: direct and indirect.

The Central Board of Direct Taxes on Thursday said that provisional direct tax collections continue to register ‘steady growth’ with gross collections rising 16.77% to ₹17.18 lakh crore, led by a ...

The government is targeting ₹25.20 trillion in direct taxes for 2025-26. New Delhi: India’s direct tax collections showed early signs of strain in the first five months of the ongoing fiscal year ...

The direct tax-to-GDP (Gross Domestic Product) ratio reached an all time high of 6.11 per cent at the end of FY23, detailed data released on Tuesday by Central Board of Direct Taxes (CBDT) showed. The ...

India's gross direct tax collections have surged by 4.16% year-on-year to reach Rs 20 lakh crore in FY 2025-26, as per CBDT data. After refunds, the net collection stands at Rs 17.04 lakh crore, ...