Unicorn is coming so...ย โขย 7m
**Tax Revenue Hits Record Highs** ๐ The governmentโs net direct tax collection, post-refunds, surged 15.4% to โน12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching โน15.02 lakh crore. ๐ฐ Securities transaction tax receipts skyrocketed, nearly doubling to โน15,923 croreโthanks to market activity. ๐ Refunds issued by the government grew by 53% year-over-year to โน2.91 lakh crore. The fiscal year's direct tax target stands at โน22.07 lakh crore. โผ๏ธ With corporate tax collections performing below expectations, the finance ministry is counting on personal income tax growth to fill the gap. While corporate tax collections are budgeted at โน10.2 lakh croreโa projected 12% increaseโthe Centre expects personal income tax collections to exceed estimates by โน1.3 lakh crore. The net personal income tax target for this year is โน1.87 lakh crore, a 13.6% boost from โน1.64 lakh crore in FY 2023-24. ๐ฆ
Chartered Accountantย โขย 9m
Direct Tax collections for FY 2024-25 as of 17 September, 2024 Net Collections, YOY comparison Corporate Tax : โน4.53 lakh crore, up 10.5% Personal Income Tax : โน5.15 lakh crore, up 18.8% STT : โน26,154 crore, up 96% Other Taxes : โน1,812 crore, up
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In the financial year 2025, the direct tax revenue has hit an impressive โน16.9 lakh crore! Hereโs the breakdown: - Personal tax contributes โน8.7 lakh crore - Corporate tax is at an astounding โน27.7 lakh crore - Securities transaction tax stands at โน
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Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to โน2.5 lakh for individuals below 60 years. 2. 5% Tax: I
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Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri
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Personal Loans in India: Where the Money Goes! As of May 30, 2025, here's how Indiaโs โน60 lakh crore+ in personal loans is split: Housing dominates with โน30.4 lakh crore (50.1%) Other Personal Loans: โน15.3 lakh crore (25.3%) Vehicle Loans: โน6.4 l
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Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,
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