According to data reports of the Indian Central Direct Taxation (CBDT) data on April 21, the net income income of the fiscal income tax of the year as of 2023/24 as of March rose from 1.664 trillion rupees in the previous fiscal year to 1.958 trillion rupees (234.9 billion yuanUS dollar), a year -on -year increase of 17.7%.
A statement of CBDT states that net taxes are 7.4%higher than the initial budget target set by the Indian government in February 2023.
In February this year, the Indian government revised the target of income tax levy 2023/24 to 1.945 trillion rupees, and proposed the mid -term budget of 2024/25.Indore Investment
The announced numbers have exceeded the revised goals.Ahmedabad Investment
The net personal income tax levy, including securities transactions levied on securities transactions such as stocks and common funds, increased by one quarter over the same period of 2023/24 to 10.44 trillion rupees (US $ 125.3 billion).
According to the statement, at the same time, India’s taxation on the company’s tax levy increased by 10.26%from 8.26 trillion in the same period to 9.11 trillion rupees ($ 109.3 billion).
The former professor and economist Allen Kumar, a former professor and economist at Deligahara La, said that this is a good news and added that these numbers are also "signs of increasing income from income."
According to the Indian government estimates, the number of taxpayers who submitted the income tax declaration form in 2023/24 increased to nearly 82 million, which was 9%higher than the previous financial year.
The increase in income tax is mainly paid by relatively rich individuals and large companies, reflecting the increase in their income and a higher return from the stock market.
Economists said that only a small number of Indian families revenue more than 300,000 rupees ($ 3599) an annual tax -free threshold.Jaipur Stock
Kumar said that among the unemployment rates created by young people who have been educated, nearly 90%of Indian workers with employment opportunities provide employment opportunities for small enterprises and agricultural sector workers.
He quoted a report from the world unequal laboratory and said that since the beginning of the 21st century, India’s inequality has become more serious. By 2022/23, the richest 1%of the income and wealth shares have risen to the richest population to increased to risen to the wealth.22%and 40%.
Bangalore Stock Exchange
