Personal Income Tax Collection to Surpass Corporate Income Tax for Second Consecutive Year

Last updated: 22 February 2024 Follow on Google News

Data from the Income Tax department has revealed a significant shift in the tax landscape, with Personal Income Tax (PIT) set to outpace Corporate Income Tax (CIT) for the second consecutive year. This trend, along with projections for fiscal year 2023-24, indicates a notable rise in the share of di

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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