Corporate tax to GDP ratio exceeds 3% after two years in FY'22
Sun, Jan 1, 2023 12:35 PM

Corporate tax to GDP ratio exceeds 3% after two years in FY'22

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Corporate tax collections surpassed 3% of the GDP after a gap of two years in 2021-22, reflecting overall improvement in India Inc profitability propelled by increased demand for goods and services. However, the corporate tax collection is yet to surpass its five-year high of 3.51% of GDP recorded in 2018-19.

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