Direct tax collections surge 182% in a decade to over Rs 19.60 lakh crore in FY24

Quick Summary:

Direct tax collections in India have surged by 182% over the past decade, with personal income tax collections rising by 294.3% and corporate tax collections increasing by 112.85%.

The number of income tax returns filed more than doubled, and the direct tax-to-GDP ratio improved from 5.55% to 6.64%.

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaArgentina

Topics: Income tax Tax compliance Corporate tax Business news Direct tax collections Prime Minister Narendra Modi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 20:11:35 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 731 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23105093

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