Despite tax relief, personal income tax will outpace corporate taxes, driven by rapid base expansion, compliance, and technology-led administration, cementing individuals as India’s largest contributor.
Despite a significant overhaul in the latest Union Budget—which effectively removed individuals earning up to ₹12 lakh from the income tax net—personal income tax collections are expected to continue outpacing corporate tax receipts.
Continue Reading with
Continue Reading with
CNBC-TV18 Access Membership
Priority Access and Networking: CNBC-TV18’s flagship events
Interaction with CNBC-TV18’s journalists
Webinars & LIVE Q&As with India Inc. Leaders
Exclusive CNBC-TV18 studio & newsroom tours
Premium business insights, expert opinions & analysis
Curated lifestyle privileges & offers
