Share of Cesses & Surcharges in Gross Tax Revenue Falls to 14.5% in 2023-24, But Still Much Higher Than in 2011-12
TL;DRThe share of cesses and surcharges in the Union Government’s tax revenue has seen a…
Browsing: Government Revenue
Data: Outstanding Liabilities of Government of India Increased by Over 13 Times Since the year 2000, in line With Growth in Receipts
As per official data, GoI’s revenue receipts stood at approximately ₹2 lakh crore in the…
Data: The Petroleum Sector Contributed to more than ₹ 7.5 Lakh Crores in Tax Revenue to Central & State Governments in 2023-24
The Petroleum Sector is critical not only to the country’s energy needs but also to…
Data: Share of Cesses & Surcharges in Gross Tax Revenue Falls to 14.5% in 2023-24, Down from The High of 20.2% in 2020-21
The increasing share of cesses & surcharges in the gross tax revenue of the Government…
Data: As of March 2022, Nearly 5.02 Lakh Cases Remained Unresolved at Commissioner of Income Tax (Appeals) Amounting to ₹14.18 Lakh Crores
Data indicates that by the end of 2021-22, nearly 5.02 lakh cases remained unresolved at…
Data: Deductions Under Section 80C and Rebate Under 87A Accounted for More Than 70% of the Revenue Foregone for Individual Taxpayers in 2022-23
The Income Tax Act provides tax incentives to promote exports, regional development, infrastructure growth, employment…
Review: NITI Aayog’s Fiscal Health Index Highlights Wide Disparities Among States in Fiscal Management
A Fiscal Health Index (FHI) has been developed by NITI Aayog to evaluate state finances,…
Data: Top 10 Municipal Corporations in India Account for Over 58% of Revenue Receipts of all 232 Corporations
The RBI released its maiden report on Municipal Finances in November 2022. The current 2024…
Data: Compared to 2019-20, Market Borrowings of the Central Government More than Doubled
The RBI’s annual ‘Handbook of Statistics on the Indian Economy’ offers an extensive collection of…
Review: Huge Pendency of Cases Where Prosecution is Launched by The IT Department Following Search & Seizure
Survey, Search & Seizure operations of the Income Tax department create a huge media spectacle.…
