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Saturday 24 June 2023
Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?
India's corporate tax collection has struggled to keep pace with personal income tax in recent years due to factors such as better compliance, digitisation and wage rises in select service sectors. Since the COVID-19 pandemic began, the formalisation of the economy, better TDS compliance on salaries and a simplified tax regime have all contributed to higher personal tax collection.
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