By what percentage has India's gross direct tax collection increased as of October 2023?
India's gross direct tax collection increased by 17.95 per cent on the year to Rs 11.07 lakh crore as of October 2023 Net collections stood at Rs. 9.57 lakh crore, 21.82 per cent higher than net collections for the comparable period of last year As far as Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections are concerned, the growth rate for CIT is 7.30 per cent while that for PIT is about 29 per cent Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity.In the case of direct tax, the burden can’t be shifted by the taxpayer to someone else. These are largely taxes on income or wealth. Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax Corporate Income Tax - The income-tax paid by domestic companies, and foreign companies on their income in India is corporate income-tax (CIT). The CIT is at a specific rate as prescribed by the income tax act subject to the changes in the rates in the union budget every year.Personal Income Tax-The income-tax paid by the individual taxpayers is the personal income tax. Individuals get taxed on the basis of tax slabs at different rates
SmartHub Vyapar programme” & ‘ AutoFirst ’ app was launched by which of the following bank ?
Recently which rural FinTech company had ties Up with IndusInd Bank to Enhance Digital Payments Ecosystem ?
Which of the following is known as the Rain forests of the oceans?
Who has been longlisted for the prestigious Baillie Gifford Prize for Non-Fiction for their book 'The Song of the Cell: An Exploration of Medicine and t...
Pension Fund Regulatory and Development Authority (PFRDA) has increased the upper age limit for Ombudsman to ______ from 65 years.
India handed over_______ tonnes fertilizer to Sri Lanka recently?
The first declared biodiversity heritage site under the Biodiversity Act 2022 ‘Arittapatti Village’ has been observed as the first of a kind belon...
National Statistical Office (NSO) has released the second advance estimates of national accounts. The GDP growth rate projection as per NSO for 2021-22 ...
State Bank of India has increased the size of its dollar bond issue to________ from $750 million which has been arranged by global banks including HSBC ...
Recently the IMF approved a $4.7-billion support loan package for which country that has become the first Asian country to receive financing under RSF?