Corporate Income Tax (CIT) – OnlineTaxUpdate

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Corporate tax revenue foregone at ₹99,000 crore in FY24: MoS Finance

byAdmin24/07/202524/07/2025

The government is estimated to have forgone around ₹99,000 crore in revenue in the 2023-24 fiscal on account of tax incentives extended to corporates, Minister of State for Finance Pankaj Chaudhary said on Tuesday (July 22, 2025).

Budget-II 2024-25 Income Tax in Media

Budget may include implementation of global minimum corporate tax rate

byAdmin18/07/202418/07/2024

Finance Minister Nirmala Sitharaman may declare India’s commitment to ‘Pillar 2’, aiming to implement a global minimum effective corporate tax rate of 15%, during the upcoming Budget, ToI reported.

Income Tax in Media

Personal income tax collection set to exceed corporate income tax for second year in a row

byAdmin22/02/202422/02/2024

Personal Income Tax (PIT) collection is set to exceed Corporate Income Tax (CIT) for the second successive year in a…

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