Will Jaitley reintroduce Fringe Benefits Tax?

FBT was an unpopular tax and withdrawn before the General Elections in 2009 The Tax Administration and Reform Commission (TARC) has suggested reintroducing the Fringe Benefits Tax (FBT) and Banking......

Direct tax collection rises to Rs 71,648 cr

The direct tax collections, including corporate and personal income tax, have grown by 46.95 percent to Rs 71,648 crore (Rs 716.48 billion) in April-July this year mainly on account of surge in TDS......

Direct tax collections up 38.6% in April-June

Belying fears of economic slowdown impacting government revenue, direct tax collections have gone up by 38.6 per cent in the first quarter this fiscal at Rs 57,373 crore (Rs 573.73 billion)......

Direct tax collections up 132% to Rs 12,642 crore

Net direct tax collections rose 132 per cent to Rs 12,642 crore (Rs 126.42 billion) in the first month of the current fiscal, as against Rs 5,441 crore (Rs 54.41 billion) in the corresponding month......