Corporate tax collection increased by nearly 17% in FY23

Corporate tax collection is witnessing continuous growth in the country. In the last financial year, corporate tax collection has registered a growth of nearly 17 percent in comparison to financial year 2021-22. According to the Finance Ministry, over 10 lakh crore rupees were collected as the gross corporate tax in the financial year 2022-23 while over 8 lakh 58 thousand crore rupees had been collected in the financial year 2021-22.           As per the Finance Ministry, the country registered ...