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

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.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaEl SalvadorOman

Topics: India direct tax collections Non-corporate tax collections Advance tax collections Tax collection estimates Business news Corporate tax collections

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 01:33:39 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 781 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 27102274

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