[Breaking] Personal Income Tax Surpasses Corporate Tax by ₹1 Lakh Crore for FY 2024-25: CBDT releases Net Direct Tax Collection Report [Read Notification]

Analysing the six-month reports reveals a notable increase in tax revenue; however, this burden primarily rests on individuals, as personal income tax has risen significantly while corporate tax collections have not shown a corresponding increase
By Navasree A.M - On October 11, 2024 9:11 pm - 2 mins read
CBDT - Central Board of Direct Taxes - Income Tax - Personal Income Tax - Corporate Tax - Direct Tax Collection Report - taxscan

The Central Board of Direct Taxes ( CBDT ) has released its net direct tax collection report for the financial year 2024-25. The personal income tax has surpassed corporate tax by an impressive ₹1 lakh crore. As of October 10, 2024, the net direct tax collection reached Rs. 11,25,961 crores, reflecting a growth of 18.35%…

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