Personal income tax surge lifts direct taxes past 2023-24 goal

Personal income tax surge lifts direct taxes past 2023-24 goal

Photo illustration purpose only. | Photo Credit: The Hindu India’s net direct tax collections grew 17.7% in 2023-24 to hit ₹19.58 lakh crore, marginally surpassing the revised estimates for the year, thanks to a surge in personal income taxes whose share of the tax kitty rose to 53.3% from 50.06% in the previous year while … Read more