Net direct tax collections surge 16% to ₹9.95 lakh cr till Sept 17
Net personal income tax collections increased by 18%, reaching ₹5.15 lakh crore, up from ₹4.13 lakh crore.
net direct tax collection
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August 2024
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June 2023
India’s net direct tax collection rises 22% to ₹6.93 lakh cr
Personal income tax (PIT) showed stronger growth than corporate tax, with net PIT reaching ₹4.47 lakh crore compared to ₹3.44 lakh crore
Tax to GDP ratio at 15-yr high in FY23; could be even better in FY24
Gross tax revenue could be at the “highest ever” in the last 2 decades in FY24, says latest note by SBI Research
Net direct tax collection up 11.18% at ₹3.80 lakh cr so far in FY24: FinMin
The gross direct tax collection so far in FY24 stood at ₹4.19 lakh crore against ₹3.72 lakh crore in the corresponding period of FY23, registering a growth of 12.73%.
