India’s net direct tax collections’ growth accelerated to 22.5% by August 11 It’s led by a 30% spike in Personal Income Tax (PIT) revenu...
India’s net direct tax collections’ growth accelerated to 22.5% by August 11
It’s led by a 30% spike in Personal Income Tax (PIT) revenues and a 111% surge in Securities Transaction Tax (STT) receipts, even as corporate tax inflows grew a mere 5.9% from last year.
Data from the Central Board of Direct Taxes showed that gross tax collections rose 24% to ₹8.13 lakh crore
While refunds to taxpayers rose 33.5% to a tad over ₹1.2 lakh crore.
Net revenues from direct taxes stood at almost ₹6.93 lakh crore
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