India's FY2024 net direct tax collections increased 17.7% to Rs 19.58 crore, surpassing budget estimates.
India's net direct tax collections increased by 17.7% in FY2024, reaching Rs 19.58 crore. This surpassed both the budget estimates and revised estimates, reflecting a rise in personal incomes and corporate profits. The provisional direct tax collections (net of refunds) exceeded the budget estimates by 7.40% and the revised estimates by 0.67%. The gross tax collection target for FY2024 was set at Rs 34.37 lakh crore, with gross direct tax collections rising by 18.48% to Rs 23.37 lakh crore.
April 21, 2024
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