Corporate tax cut put Rs 2 lakh crore in billionaires' pockets: Cong

New Delhi: With the personal income tax collections exceeding the corporate tax collections, the Congress on Sunday alleged that the corporate tax cut has put over Rs 2 lakh crore in the "pockets of billionaires", while the middle class continues to bear the weight of heavy taxation.

The opposition party's attack on the government came a day after data released by Central Board of Direct Taxes (CBDT) showed that the net direct tax collection of Rs 5,74,357 crore (as of July 11, 2024) includes Corporation Income Tax at Rs 2,10,274 crore and Personal Income Tax at Rs 3,46,036 crore after excluding the refunds.