Corp tax kitty surpasses personal I-T collections
Corporation tax collections have surpassed personal income tax collections. This has led to a growth of 4.2% in gross direct tax collections until mid-December. The overall tax kitty has crossed Rs 20 lakh crore. This development signals strong corporate earnings. However, a fall in refunds has resulted in an 8% rise in net direct tax collections.🕒 1 min read
Corporation tax collections have surpassed personal income tax collections. This has led to a growth of 4.2% in gross direct tax collections until mid-December. The overall tax kitty has crossed Rs 20 lakh crore. This development signals strong corporate earnings. However, a fall in refunds has resulted in an 8% rise in net direct tax collections.
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