India's net direct tax collection increased by 19.88% to Rs 18.90 lakh crore as of March 17, compared to the previous fiscal year.
India's net direct tax collection, including corporation tax and personal income tax, increased by 19.88% to Rs 18.90 lakh crore as of March 17, according to the income tax department. This marks a significant rise from the same period last fiscal year, when tax collections reached Rs 15.77 lakh crore. The Central Board of Direct Taxes (CBDT) reported that the net collections represent a 19.88% increase compared to the corresponding period of the preceding Financial Year (FY 2022-23). The revised estimates for direct tax collection put the receipts for the full fiscal (April-March) at Rs 19.45 lakh crore.
March 19, 2024
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