Personal Income Tax Collections Rise to 3.5% of GDP in FY24

Last updated: 13 March 2025

The Finance Ministry informed the Lok Sabha on Monday that personal income tax (PIT) collection as a percentage of GDP surged by 140 basis points in the last decade, reaching 3.5% in FY 2023-24, up from 2.1% in FY 2014-15. The data, presented by Minister of State for Finance Pankaj Chaudhary, also r
Join CCI Pro

Category Income Tax   Report

Comment   Share
  996 Views
Comments

Recent News :

  1. CBDT Amends Form 27EQ: TCS Now Applicable on Luxury Goods and Collectibles
  2. CBIC Amends Customs Circular to Replace 'Certificate of Origin' with 'Proof of Origin' under CAROTAR, 2020
  3. Over 25,000 Fake Firms Detected for Rs 61,545 Crore ITC Fraud in FY 2024-25
  4. ICAI Strengthens Fight Against Financial Fraud Through Strategic National Collaborations
  5. RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently
  6. ICAI Signs MoU with CAG to Boost Capacity of PSU Audit Officers
  7. UAE-Based NRI Gets Rs 2.84 Crore GST Notice for Fake Firm, Alleges PAN Misuse
  8. GST Fraud of Over Rs 100 Crore Busted: Commerce Graduate Arrested
  9. Form 10AB Filing Activated: Charitable Trusts Can Now Seek Section 12A Relief
  10. MCA Notifies Election Tribunal for ICAI Council Poll Disputes Held in Dec 2024

More »


Popular News




CCI Pro

Trending Online Classes

view all classess

Browse by Category