India's Net Direct Tax Collection Grows 13% to ₹12.12 Trillion
· Business · Business Standard
India's net direct tax collection reached ₹12.12 trillion for the current fiscal year up to September 17. This figure represents a 13% increase compared to the same period in the previous financial year. The total collection comprises both corporate tax and personal income tax receipts. The government has now achieved approximately 47% of the total direct tax collection target set for the full fiscal year. These figures reflect the ongoing growth in tax compliance and economic activity across the country.
Why it matters
The steady rise in tax revenue provides the government with greater fiscal space to fund infrastructure projects and public welfare schemes, directly impacting the national budget and economic stability.
Read the original report — Business Standard
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