Budget 2024
EP3 : Will FM Axe The Tax?
2024 • 16M • 1 Season • Business
Informative
India’s net direct tax collections grew 17.7% in 2023-24 to hit ₹19.58 lakh crore in the year gone by. The share of personal income taxes rose to 53.3% from 50.06% in the previous year. Corporate taxes’ contribution dipped to 46.5% from 49.6%. Individual taxpayers are contributing more and more to the exchequer each year. Would this budget reduce the burden on the taxpayers?