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 Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

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 ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

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

Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

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