Budget 2026: Old Tax Regime Phase-Out Likely, Say Experts
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
Category : Search result: direct tax collections
Direct Tax Collections Up 4.1%, Income Tax Growth Slows
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
Direct Tax Collection Grows 8.82% to Rs 18.38 Lakh Crore
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
Direct Tax Mop-Up Reaches Rs 18.4 Lakh Crore Till Jan 11
India's net direct tax collection surged 9% to Rs 18.4 lakh crore by January 11, 2026, driven by robust corporate and personal income tax inflows. Discover the breakdown and what it means for the economy.
Direct Tax Mop-Up Hits ₹18.37 Trillion, Up 8.8% YoY
India's direct tax collections rise 8.8% year-on-year to ₹18.37 trillion as of mid-January 2026, according to latest CBDT data. Get the full details and analysis here.
New Income Tax Act 2025: Single 'Tax Year' From April 1
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
New Income Tax Act 2025 Effective From April 1
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
Income Tax Act 2025 Replaces 1961 Law from April 1
The Income Tax Act, 2025, replaces the 64-year-old law from April 1. It simplifies rules, reduces litigation, and incorporates Budget 2026-27 changes. Read the full explainer.
Tax Dept Tightens Compliance with 'Nudge' Campaign
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
Chandigarh MC Sends Bulk Notices to Property Tax Defaulters
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon MCG collects Rs 30 crore tax, seals 55 properties
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
New Income-tax Act 2025 Replaces 1961 Law, Aims to Cut Litigation
India's new Income-tax Act, 2025, replaces the 1961 law with a simplified framework. Experts call for Budget 2026 to ensure smooth transition, rationalize TDS, and boost manufacturing. Read key reforms.
40,000 Prayagraj homes face action for unpaid property tax
Prayagraj Municipal Corporation identifies 40,000 properties with 3-year tax dues. Notices issued; failure to pay may lead to property attachment, water cut. Act now to avoid penalties.
MCG Recovers ₹295 Crore in Property Tax from Defaulters
The Municipal Corporation of Gurugram has successfully recovered ₹295 crore in outstanding property tax from defaulters in 2025 through a special recovery drive. Discover how the civic body is boosting its revenue.
India's FY26 Tax Shortfall May Hit ₹2 Trillion
India's FY26 budget faces a major tax revenue gap, but strong non-tax receipts and GDP revisions are likely to keep the fiscal deficit near its 4.4% target. Get the full analysis.
India's 8% Nominal GDP Growth Tests Fiscal Math
India's nominal GDP growth estimate of 8% for 2025-26 falls short of budget assumptions, risking tax collections and the 4.4% fiscal deficit target. Read the analysis.
145+ Nations Agree on Updated Global Minimum Tax Deal
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
How AI is Reshaping Tax Scrutiny in India
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
Andhra Pradesh GST Collections Jump 5.78% in Dec 2025
Andhra Pradesh's net GST revenue surged to a record ₹2,652 crore in December 2025, marking 5.78% growth despite major tax reductions. Discover how the state outpaced the national average.
April GST Mop-Up at ₹1.73 Lakh Cr, Signals Resilient Demand
India's GST collections for April 2024 reached ₹1.73 lakh crore, showing economic resilience and stable domestic demand despite recent rate rationalizations. Experts analyze the trends.
GST Mop-Up Grows 6.1% in Dec, Hits Rs 1.74 Lakh Crore
India's GST revenue grew 6.1% to Rs 1.74 lakh crore in December 2025, driven by a 19.7% surge in import levies. Experts say tax cuts are boosting consumption. Read the full analysis.
Govt Debunks 85% Tax on ₹10 Lakh Bank Transactions
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
December GST Collections Rise 6.1% to Rs 1.75 Lakh Crore
India's GST collections for December 2024 show robust growth, reaching Rs 1.75 lakh crore. This marks a 6.1% year-on-year increase, highlighting strong economic activity. Read the full analysis.
GST Revenue Hits Rs 1.75 Lakh Crore in December 2025
India's GST collections surged to Rs 1.75 lakh crore in December 2025, a 6.1% yearly rise. The April-December FY26 period saw 8.6% growth. Discover how recent tax reforms are driving this record revenue.
Tax Regime Choice Impacts Your Tax Outgo Significantly
With the new tax regime as default, choosing wrongly can lead to higher tax payments. Experts explain key factors like HRA, deductions, and documentation to consider for optimal tax planning in India.
India's 2026 Tax Overhaul: Predictability & Tech at Core
India's 2026 tax landscape is set for a major shift towards predictability and technology. Explore the key reforms in Income Tax, GST 2.0, and dispute resolution that aim to build taxpayer trust.
GST Cuts Hit Revenue, Fiscal Deficit Widens to 62.3%
India's fiscal deficit for April-November FY26 reached 62.3% of the annual target, impacted by GST rate cuts. Tax revenue lags while expenditure rises. Key details inside.
2025 Tax Reforms: New Regime, Crypto Rules, GST Slabs
India's 2025 tax reforms reshaped personal income tax, GST, and crypto rules. Explore key changes in slabs, compliance, and the new Income-tax Act 2025. Read more.
Saudi Arabia's new sugar tax on beverages starts Jan 1
Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.
California Wealth Tax Sparks Silicon Valley Exodus Fears
Anduril's Palmer Luckey warns California's proposed 5% billionaire wealth tax could force asset sales and home seizures. Tech elite like Peter Thiel consider leaving. Read the full analysis.
Page 1 of 4