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Tax collections increased from ₹ 6.38 Lakh Crore in year 2013-14 to almost ₹ 12 Lakh Crore this year 80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronically

Budget - Dated:- 1-2-2019 - Ministry of Finance Posted On: 01 FEB 2019 1:24PM by PIB Delhi The Government has reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceles .....

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re them that we have used their contribution to serve the poor and create better infrastructure. The Income Tax Department now functions online. Returns, assessments, refunds and queries are all undertaken online. Last year, 99.54% of the income-tax .....

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ls, without any personal interface between taxpayers and tax officers, he added. The Minister said that reducing the tax burden on middle class has always been our priority ever since the Government took over in 2014. The Government increased the bas .....

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from ₹ 1.5 lakh to ₹ 2 lakh. Special benefits and incentives were also given to small businesses and startups. Overall compliance processes were simplified. Threshold limit for presumptive taxation of business was raised from ₹ 1 cr .....

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