Will the Minister of FINANCE be pleased to state: (a) the total corporate tax collection as a percentage of GDP in the last five years, year-wise; (b) the instances of corporate tax reduction / ...

Mukesh Ambani’s Reliance Industries paid Rs 1.86 lakh crore in corporate income tax for FY 2023-24, contributing 4% of ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace ...

The total revenue impact on account of tax benefits extended to companies was Rs. 96,892.39 Crores and Rs. 1,09,333.38 Crores (projected) in FY 2021-22 and FY 2022-23 respectively (Source: Receipt ...

Surjit Bhalla criticised India’s overall tax burden, pointing to the country’s tax-to-GDP ratio of 19%, which far exceeds the ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

During the Union Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that people earning up to Rs. 12 lakh will ...

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to ...