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Net Direct Tax Collection Sees Robust 16.45% Growth to Rs 15.82 Lakh Crore

Kumari Sonali

Net Direct Tax Collection Sees Robust 16.45% Growth to Rs 15.82 Lakh Crore:

The net direct tax collections for the fiscal year 2023-24 have surged by 16.45% to Rs 15.82 lakh crore by December 17, driven primarily by a strong 21% rise in advance tax payments. This growth reflects the government’s improved tax collection mechanism and efforts to bridge the fiscal deficit gap.

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