India's direct tax collections rise by 16.15% to reach Rs 25.86 lakh crore till March 16

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Times of India 12h ago

India's direct tax collections rise by 16.15% to reach Rs 25.86 lakh crore till March 16 - Times of India

Quick Summary:

India's net direct tax collections for the fiscal year have increased by 13.13% to over Rs 21.26 lakh crore, driven by higher advance tax collections.

Corporate tax collections rose by 12.54%, while non-corporate tax collections, including personal income tax, surged by 20.47%.

Meanwhile, the Securities Transaction Tax (STT) saw a nearly 56% increase.