<h4 class=
Life Style

3 things men should encourage women in their life to do a week before their period to make PMS easierIf your partner goes through severe PMS every month, here are a few things you can encourage her to prioritise in the week leading up to her period. Published on: Apr 16

In a content-driven world, how far is too far? A viral video shows a group of youngsters stepping into a sunflower field to film a reel. At first
Latest News

In a content-driven world, how far is too far? A viral video shows a group of youngsters stepping into a sunflower field to film a reel. At first, it looks harmless, just another aesthetic backdrop. But when you look closer the field represents a farmer’s time, effort, and livelihood

<h4 class=
Latest News

‘Held my breath and moved legs’: How an Instagram reel helped save Ludhiana woman's life after Mathura capsizeThe 54-year-old woman shared how she recalled a reel which shared tips on how to survive in water. Published on: Apr 16, 2026 2:16 PM IST Edited by Danita Yadav Share via Copy link In a

Amir Hamza, a founding member of Pakistan-based terror group Lashkar-e-Taiba (LeT), was shot at by unidentified assailants in Lahore and is in a critical
World

Amir Hamza, a founding member of Pakistan-based terror group Lashkar-e-Taiba (LeT), was shot at by unidentified assailants in Lahore and is in a critical condition, according to media reports. Hamza, who co-founded the outfit along with Hafiz Saeed in the mid-1980s

Indian cities are at an inflection point. Rapid urbanisation, changing work patterns, and rising consumer expectations are reshaping how people move, work
Technology

Indian cities are at an inflection point. Rapid urbanisation, changing work patterns, and rising consumer expectations are reshaping how people move, work, and participate in the economy. Mobility today is no longer restricted to transportation. It sits at the intersection of economic access

Most US importers who paid $166 billion in tariffs later struck down by the Supreme Court may miss out on refunds because they have not registered for
World

Most US importers who paid $166 billion in tariffs later struck down by the Supreme Court may miss out on refunds because they have not registered for electronic payments, the government told a court. The vast majority of importers who paid $166 billion in tariffs that were overturned by the risk

<h4 class=
Entertainment

Daisy Shah shares she was inappropriately touched by a filmmaker in South: ‘That just put me off’Daisy Shah has recalled a uncomfortable situation from the past when she went for a casting call with a filmmaker from the South. Apr 16, 2026, 14:31:15 IST By Santanu Das Share via Copy link Actor

R Praggnanandhaa expressed pride and admiration for his sister R Vaishali after she made history by winning the FIDE Women’s Candidates Tournament
Sports

R Praggnanandhaa expressed pride and admiration for his sister R Vaishali after she made history by winning the FIDE Women’s Candidates Tournament. Vaishali became the first Indian to claim the prestigious title, sealing her triumph with a composed victory over Kateryna Lagno in the final round

India's Annual Corporate Tax Collection Jumps Over 200% In 4 Years

Posted By: Hemant Kumar Posted On: Dec 02, 2025Share Article
India's Annual Corporate Tax Collection Jumps Over 200% In 4 Years
File Photo

India's Annual Corporate Tax Collection Jumps Over 200% In 4 Years

Consequently, net profit margin surpassed its pre-Covid level. During post-Covid period, with a sharp rebound in sales growth led by pent-up demand, corporates' profit increased significantly from Rs. 2.5 lakh crore in 2020-21 to Rs. 7.1 lakh crore during 2024-25.

New Delhi: India's corporate tax collection has more than doubled from Rs 4,57,719 crore in 2020-21 to Rs 9,86,767 crore in 2024-25, the Parliament was informed on Tuesday.

Minister of State for Finance Pankaj Choudhary told in the Rajya Sabha, aid in a written reply to a question, that the RBI, in the article "Resilience and Revival: India's Private Corporate Sector" in its monthly bulletin for October 2025, has stated that during Covid, despite contraction in sales, decline in raw material cost due to softening of commodity prices, subdued wage growth, along with the favorable base effect, net profit at aggregate level rose sharply by 115.6 per cent.

Consequently, net profit margin surpassed its pre-Covid level. During post-Covid period, with a sharp rebound in sales growth led by pent-up demand, corporates' profit increased significantly from Rs. 2.5 lakh crore in 2020-21 to Rs. 7.1 lakh crore during 2024-25.

Add Zee News as a Preferred Source

The corresponding increase in corporate taxes between FY 2020-21 to FY 2024-25 is more than 200 per cent despite a reduction in corporate rates, the minister stated.

Chaudhary said that corporate tax rates have been gradually reduced over the years since 2016 to promote growth, boost investment and create more job opportunities. At the same time, exemptions and incentives available to the corporates have also been phased out to simplify the tax system.

The Finance Act, 2016, reduced corporate tax rates to 29 per cent of the total income. Then, under the Finance Act, 2017, the corporate tax rates were reduced to 25 per cent of the total income to inter alia make smaller domestic companies having an annual turnover of Rs 50 crore more viable and to encourage firms to migrate to the company format. Similarly, in 2019, corporate tax rates were reduced to 22 per cent.

Vide the Finance Act, 2024, tax rates have been reduced from 40 per cent to 35 per cent on the income of foreign companies (other than that chargeable at special rates) to promote investment and employment.

The minister highlighted that the tax base over the years has increased, which can be attributed to several legislative, administrative and enforcement measures taken by the government to improve voluntary compliance and widen the tax net.

These include NUDGE (Non-intrusive usage of data to guide and enable) taxpayer campaigns to improve the compliance ecosystem and to assist taxpayers in reviewing their ITRs and correcting mistakes, if any, by filing revised ITRs.

Expansion of the scope of provisions of TDS and TCS to cover more types of financial transactions, expansion and strengthening of third-party financial transaction reporting to obtain a wider range of data to identify tax evasion or under-reporting of income were other measures taken in this regard.

Besides, the implementation of the non-filers monitoring system (NMS) to identify potential taxpayers on the basis of third-party data and mandatory quoting of PAN and linking of PAN and Aadhaar helped to expand the tax base.

Action was also initiated against the generation and use of black money both inside and outside the country through legislations such as the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 and the Benami Transactions (Prohibition) Amendment Act, 2016.

Apart from this promotion of voluntary compliance through a high level of taxpayer service, expeditious resolution of grievances, ease of paying taxes and filing returns, promotion of digital transactions was also undertaken to enhance tax collections, the minister added.

Comment on Post

Leave a comment

If you have a News Orbit 360 user account, your address will be used to display your profile picture.


Shares in shoe brand Allbirds, once seen on the feet of famous people like actor Ben Affleck and former US President Barack Obama
Latest News
Allbirds shares soar 580% after pivot from shoes to AI

Shares in shoe brand Allbirds, once seen on the feet of famous people like actor Ben Affleck and former US President Barack Obama, soared on Wednesday after it announced plans to pivot from footwear to artificial intelligence (AI). The San Francisco-based firm said it has struck a $50m (£37m) deal

1 days ago

The Central Board of Secondary Education (CBSE) has released the Class 10th results, and once again, students across the country have performed exceptionally
Education
CBSE 10th Toppers 2026

The Central Board of Secondary Education (CBSE) has released the Class 10th results, and once again, students across the country have performed exceptionally well. While CBSE does not release an official toppers list, many students have set new records by achieving 100 per cent marks. Notably

1 days ago

Researchers from the University of Cambridge have reported a new kind of brain-inspired nanodevice, a hafnium-oxide memristor, that could dramatically cut
Science
New brain-inspired ‘memristors’ promise to cut AI energy use

Researchers from the University of Cambridge have reported a new kind of brain-inspired nanodevice, a hafnium-oxide memristor, that could dramatically cut artificial intelligence’s (AI) energy bill by bringing memory and computation into the same component

1 days ago

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.<h4 class=
Technology
Refrigerator with smart inverter

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Want a fridge that saves power and runs quietly? These 5 refrigerators with smart inverters are worth a lookUpgrade your kitchen with smart inverter refrigerators offering consistent

1 days ago

<h4 class=
Latest News
Delhi Police nabs

Delhi Police nabs 'romance swindler' who duped over 500 women of croresDelhi Police nabs 'romance swindler' who duped over 500 women of crores Published on: Apr 16, 2026 2:38 PM IST PTI Share via Copy link New Delhi, Doctor, lawyer, film producer, model

1 days ago

Working with Shah Rukh Khan completely changed the life of his former security chief Yaseen Khan. He revealed that during his time with the actor
Entertainment
Had 8 Passports Stamped

Working with Shah Rukh Khan completely changed the life of his former security chief Yaseen Khan. He revealed that during his time with the actor, he travelled the world in private planes, stayed in five-star hotels and even had eight passports filled with stamps

1 days ago

The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable
Business
Snapchat parent cuts 1

The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable. The shake-up at Snap involves about 16% of its full-time employees and elimination of more than 300 unfilled roles

1 days ago

<h4 class=
Latest News
Man leaves office at 5

‘Gurgaon ke traffic se meri ruh kap jati hai’: Man leaves office at 5:30 pm only to spend over 2 hours on roadA man, frustrated with Gurgaon traffic, said he would prefer working from home rather than spending hours just to drive to and from the office. Published on: Apr 16

1 days ago

<h4 class=
Latest News
Alia Bhatt gushes over Ranbir Kapoor as he features in TIME 100 list

Alia Bhatt can't stop gushing over Ranbir Kapoor as he features in TIME's list of 100 most influential peopleOn Thursday, Alia Bhatt slipped into full cheerleader mode and took to social media to share a heartfelt note for her husband Ranbir Kapoor. Apr 16, 2026

1 days ago

Two Muslim Congress councillors were booked in Madhya Pradesh’s Indore after they refused to sing the patriotic song Vande Mataram during the budget session
Politics
2 Muslim Congress corporators booked for refusing to sing ‘Vande Mataram’

Two Muslim Congress councillors were booked in Madhya Pradesh’s Indore after they refused to sing the patriotic song Vande Mataram during the budget session of the municipal corporation last week, IANS reported on Wednesday. The case was filed under sections of the Bharatiya Nyaya Sanhita

1 days ago

Prime Minister Benjamin Netanyahu on Wednesday (April 15, 2026) said Israel and the U.S. share
World
Israel, U.S. goals

Prime Minister Benjamin Netanyahu on Wednesday (April 15, 2026) said Israel and the U.S. share "identical goals" in the ongoing conflict with Iran. The Israeli Prime Minister said the U.S. has been keeping Israel updated on its contacts with Iran and reiterated that both nations seek the removal of

1 days ago

The Election Commission of India is enhancing surveillance for the West Bengal Assembly polls by installing cameras for 100% webcasting
Politics
From bamboo walls to AI eyes

The Election Commission of India is enhancing surveillance for the West Bengal Assembly polls by installing cameras for 100% webcasting, monitored by AI technology. Temporary bamboo fencing will also be erected at polling stations lacking boundary walls to prevent unauthorized access and improve

1 days ago

LIV Golf chief executive Scott O'Neil has reportedly told players that the 2026 season will continue
Sports
LIV Golf to continue

LIV Golf chief executive Scott O'Neil has reportedly told players that the 2026 season will continue "as planned and uninterrupted" amid rumours that the tour is on the verge of collapse. The Financial Times, external is among the publications to report that Saudi Arabia's Public Investment Fund

1 days ago

<h4 class=
Horoscope
April 16 Birthday Horoscope

April 16 Birthday Horoscope: Here's what the tarot cards have in store for youIf your birthday falls on April 16, here’s what your year ahead looks like, as per Tarot. Updated on: Apr 16, 2026 12:08 PM IST By Kishori Sud Share via Copy link If you were born on April 16

1 days ago

Iran’s move to charge tolls on ships passing through the Strait of Hormuz has sparked a legal and geopolitical debate. Under international law
World
Can Iran legally put a price on passage through the Strait of Hormuz

Iran’s move to charge tolls on ships passing through the Strait of Hormuz has sparked a legal and geopolitical debate. Under international law, particularly UNCLOS, vessels are entitled to “transit passage” through key straits without interference, making unilateral tolls highly contentious

1 days ago

<h4 class=
Life Style
AIIMS-trained neurologist shares 3 steps to follow during a panic attack

AIIMS-trained neurologist shares 3 steps to follow during a panic attack: ‘Sit down somewhere and pay attention to…’According to Dr Chawla, panic attack can usually be dealt with without medical supervision. He shares three steps that helps with the situation. Updated on: Apr 16

1 days ago

<h4 class=
Sports
Dianna Russini-Vrabel saga

Dianna Russini-Vrabel saga: Dave Portnoy drops brutal reaction to The Athletic resignationNFL reporter Dianna Russini resigns amid controversy over leaked images and media speculation. Published on: Apr 16, 2026 12:28 PM IST By HT Global Sports Desk Share via Copy link On Tuesday

1 days ago

Parliament is set to increase the Lok Sabha's strength to 815 seats. This expansion includes reserving 272 seats for women, ensuring no state or male
World
Lok Sabha's strength to go up to 815

Parliament is set to increase the Lok Sabha's strength to 815 seats. This expansion includes reserving 272 seats for women, ensuring no state or male representation suffers. The Nari Shakti Vandan Adhniyam aims to provide women their due rights

1 days ago

The Aam Aadmi Party (AAP) on Wednesday levelled serious allegations against its leader Raghav Chadha, claiming that he met senior Bharatiya Janata Party (BJP)
Politics
AAP Alleges Raghav Chadha Met BJP Leaders

The Aam Aadmi Party (AAP) on Wednesday levelled serious allegations against its leader Raghav Chadha, claiming that he met senior Bharatiya Janata Party (BJP) leaders and sought an Enforcement Directorate (ED) raid against party colleague and MP Ashok Kumar Mittal

1 days ago

Indias WPI inflation rose to 3.88 percent in March 2026, driven by crude oil, gas and metals, fuel turned positive, primary articles surged
Business
India WPI Inflation Rises To 3

Indias WPI inflation rose to 3.88 percent in March 2026, driven by crude oil, gas and metals, fuel turned positive, primary articles surged, food inflation stayed relatively stable India’s wholesale inflation, measured by the Wholesale Price Index (WPI), rose to 3.88% in March 2026

1 days ago

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.<h4 class=
Technology
Nothing launches Warp

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Nothing launches Warp, and it could fix file sharing across Android, Mac and Windows fastSharing files across Android, Mac and Windows often feels limited

1 days ago

A controversy around Lenskart has drawn attention after a post about its employee dress rules began circulating online. The claim suggested that some religious
Latest News
Viral Claim Says Lenskart Bans Bindi

A controversy around Lenskart has drawn attention after a post about its employee dress rules began circulating online. The claim suggested that some religious symbols were allowed while others were not, leading to strong reactions. The issue started after a screenshot

1 days ago

<h4 class=
World
Who is Jay McCalmont

Who is Jay McCalmont? New name creates buzz in Nancy Guthrie case amid ‘falling out’ and ‘money dispute’ claimsAn investigative reporter has made new claims about an individual named Jay McCalmont, who allegedly had a “money dispute” with Nancy Guthrie. Published on: Apr 16

1 days ago

JEE Main 2026 Session 2 result: Days after the portal to challenge answer key closed, candidates who appeared in the April session exam are eagerly waiting for
Education
JEE Main 2026 Session 2 result date

JEE Main 2026 Session 2 result: Days after the portal to challenge answer key closed, candidates who appeared in the April session exam are eagerly waiting for the JEE Main 2026 Session 2 result. The National Testing Agency (NTA) will release the scorecard on its official website at jeemain.nta.nic

1 days ago

US President Donald Trump has announced that the leaders of Israel and Lebanon will speak in a historic meeting on Thursday, marking the first interaction
World
After 34 Years

US President Donald Trump has announced that the leaders of Israel and Lebanon will speak in a historic meeting on Thursday, marking the first interaction between both sides after decades. “Trying to get a little breathing room between Israel and Lebanon

1 days ago

Bengaluru’s Sanjana Karthik, a PCMB student from Deeksha Vedantu, emerged as one of the Karnataka class 12 PUC II 2026 toppers with 596 marks out of 600
Education
Karnataka PUC II Result 2026

Bengaluru’s Sanjana Karthik, a PCMB student from Deeksha Vedantu, emerged as one of the Karnataka class 12 PUC II 2026 toppers with 596 marks out of 600. An early riser, she built her day around studies, beginning her preparation at dawn and dedicating almost the entire day to learning

1 days ago

<h4 class=
Latest News
Bengaluru woman’s 12 km jog turns into traffic

‘Played Takeshi’s Castle on Bengaluru roads’: Woman’s 12 km jog turns into traffic, dust ordealA Bengaluru woman jogged across the city to meet her friend, documenting traffic, dust and no sidewalks. Published on: Apr 16, 2026 1:24 PM IST By Mahipal Singh Chouhan Share via Copy link A woman

1 days ago


Sing Up