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Direct tax collections surge 18% up to October 9
According to official data, gross direct tax receipts in India reached Rs 11.1 lakh crore as of October 9, 2023, marking an 18% increase from the same period last year. Net direct tax collection, after refunds, stood at Rs 9.6 lakh crore, a 21.8% rise. This collection accounts for 52.5% of the total budget estimates for direct taxes in the current fiscal year.
According to official data, gross direct tax receipts in India reached Rs 11.1 lakh crore as of October 9, 2023, marking an 18% increase from the same period last year. Net direct tax collection, after refunds, stood at Rs 9.6 lakh crore, a 21.8% rise. This collection accounts for 52.5% of the total budget estimates for direct taxes in the current fiscal year. 
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