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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Tarun Suthar
ย โขย
The Institute of Chartered Accountants of Indiaย โขย 3m
Govt earns Revenue around 19%from Income tax, 17%from corporate tax and 18%from GST.
total 54% tax rate combining direct and indirect. rest from other sources.
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Mahendra Lochhab
Content creatorย โขย 9m
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
Based on Earnings from different departments
โน27 - Borrowings & other liabilities
โน19 - Income Tax
โน18 - GST & Other Taxes
โน17 - Corporate Tax
โน9 - Non-Tax Receipts
โน5 - Union Excise Duties
โน4 - Cus
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mg
News & updatesย โขย 15d
Taxpayer earns โน1 โ Govt takes 31.2%.
He buys a product โ Add 5 to 28% GST.
Spends on fuel โ 50% tax.
Saves money โ Taxed again.
But no, heโs not oppressed.
6 replies21 likes
Hiral Jain
Content writerย โขย 11m
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
GST Thread 2
What GST brings along with it -
1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation
Example - If I purchase plastic fr
What's a scam that's so normalized that we don't even realize it's a scam anymore?
Me- Taxes. Once you tax the income, why is there a tax again in the name of GST?
Whatever the shop / company earns they can give it as income tax.
This approach n
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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Mahendra Lochhab
Content creatorย โขย 1m
Withdrawing cash from an ATM will now cost Rs 19 per transaction, up from Rs 17. Similarly, checking account balances at ATMs will now cost Rs 7 per transaction instead of Rs 6.
Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. International travel is the biggest expense.
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CA Jasmeet Singh
In God We Trust, The...ย โขย 1m
๐ข GST Registration for Companies โ Everything You Need to Know! ๐
Starting a company? One of the first legal steps is getting GST registration! โ It not only gives your business a legal identity but also opens doors to seamless tax compliance, inp
Hey there, everyone! Today, we're diving into some key aspects of Gst to lay the groundwork for our discussion on illegal businesses. This knowledge will be crucial for what's coming up next.
Today we will be learning about input and output Gst,
Inp
