If the fiscal deficit was brought down to 5.6% in 2023-24, it was more because of a cut in revenue expenditure than because ...

The IRS Direct File, a groundbreaking tool simplifying tax filing does away with return preparers and tax software.

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...

Total number of taxpayers surged to 10.41 crore, from 5.70 crore in FY15, as per the data. The number of tax returns more ...

Bangladesh has an unusually high tax expenditure to GDP ratio despite having low revenue generation through direct tax.

Understand the composition of CTC and its taxation, navigate the complexities of your new compensation package and learn how ...

Net Direct Tax Collection The net direct tax collection, after adjusting for refunds, soared 18.35 per cent to touch Rs 11.3 ...

India's net direct tax collections jumped by 182.02% over last decade to Rs 19.60 lakh crore in FY24, from 6.95 lakh crore in FY15, following strong growth in personal income tax, the latest time ...

New Delhi: The Centre’s direct tax collection performance has gone further up in FY24 on all counts, including the revenue collected, number of taxpayers, rate of tax collection growth in ...

The country's north, central, and eastern parts have fallen further behind, with the share falling to 25.6 percent in FY24 ...

The latest ‘Time Series Data’ released by the Income Tax Department showed that the corporate tax collections more than ...

An interesting feature is the sharp decline in share of corporate tax in direct tax receipts in recent years, while personal ...