![Direct tax revenue surges 20% in FY24 so far](https://images.assettype.com/fortuneindia%2F2022-11%2Fd7eecdc2-4261-4174-a0c2-d4efe4cba801%2FTax_GettyImages_869670536_copy.jpg?w=300&q=95)
Direct tax revenue surges 20% in FY24 so far
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
This cut in transaction charges, partially offset by the NSE IPFT, will lead to an effective reduction of around 4%.
The Finance Bill proposes changes in taxation of debt mutual funds.
India has the highest notional derivatives turnover to cash turnover ratio.