Introduction of new TDS codes has doubled the number of unique deductees in 6 years: Finance Ministry
Some of the major agendas of the meeting included the initiatives implemented for increasing the taxpayer base, pending disciplinary proceeding cases, disposal of applications for condonation of delay, and grant of exemptions under certain sections of the Income Tax Act, 1961.
Finance Minister also apprised of the fact that the Personal Income Tax (PIT) to GDP ratio has been steadily increasing from 2.11 in FY2014-15 to 2.94 in FY2021-22.