THE INTERIM BUDGET for 2024-25 has assumed gross tax collections (GTR) to grow 11.5% year-onyear to 38.2 trillion in FY25 from the FY24 revised estimate (RE) of ₹34.4 trillion, driven primarily by a sharp growth in direct tax mop-up.
This is higher than the 10% growth assumed in the Budget estimate for FY24, but is lower than the 12.5% seen in the RE for the year.
The projected GTR mop-up growth in FY25 implies a tax buoyancy of 1.1 in the next financial year, given the 10.5% nominal GDP growth estimate. The buoyancy in FY24 at 1.4 is the second-highest in the last seven financial years.
Finance secretary TV Somanathan said the tax receipts target for the next financial year is realistic, even not slightly conservative.
هذه القصة مأخوذة من طبعة February 02, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 02, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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