The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
New Delhi [India], August 13 (ANI): The corporate tax collection in the first four months of the current fiscal year has seen a growth of 34 per cent as compared to the corresponding period of the Fiscal Year 2021-2022.
Mumbai (Maharashtra) [India], Sept 23 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Monday said the Union government's decision to cut corporate tax rates will immensely benefit Mumbai as it contributes 35 per cent of the total corporate tax collections in the country.
New Delhi [India], May 7 (ANI): Direct tax collections fell short by Rs 82,000 crore at Rs 11.18 lakh crore during 2018-19 with lower corporate tax collection as one of the reasons.