India's direct tax collection surged 14.69% to over ₹17.78 lakh crore in the fiscal year.

India's net direct tax collection rose 14.69% to over ₹17.78 lakh crore in the current fiscal year, according to data by the Central Board of Direct Taxes (CBDT). Personal income tax increased 21% to ₹9.48 lakh crore, while corporate tax grew 6% to ₹7.78 lakh crore. Securities transaction tax saw a 65% jump to ₹49,201 crore. Total direct tax collection is now projected at ₹22.37 lakh crore, up from ₹22.07 lakh crore previously estimated.

6 weeks ago
13 Articles