India's Goods and Services Tax (GST) collections witnessed a significant 10.4% year-on-year growth in January 2024, reaching over Rs 1.72 lakh crore. This marks the second-highest monthly collection and sets the stage for the next phase of GST reforms....
The net direct tax collection in India has witnessed a substantial increase of 19.41% this fiscal year, reaching approximately 81% of the annual target. Discover the latest figures and insights on direct tax collection in India....
India's direct tax collections for the financial year 2023-24 have witnessed a significant boost, surging by 17.6% to reach Rs 12.37 lakh crore, according to data released by the Income Tax (I-T) Department. The provisional figures for the period until November ...
The Indian government has collected Rs 6.53 lakh Crore as gross direct tax in the current fiscal year till August 10, according to data released on Friday. This represents a 15.7% increase year on year. Direct tax collection, net ...
According to the information available with the Income Tax Department, if the aggregate value of monetary gift received during the year by an individual or Hindu Undivided Family (HUF) exceeds Rs. 50,000 and the gifts are not covered under the exceptions ...
TAN or Tax Deduction and Collection Account Number is a unique ten-digit alpha-numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. {photo-feature} ...
According to the Income Tax (IT) regulation in India, senior citizens and very senior citizens will be able to avail of higher exemption limits rather than normal taxpayers. Here, the benefits for the senior citizens and very senior citizens have been ...