India's net direct tax collection rises 23% to Rs 8.11 lakh crore
India's net direct tax collections have surged 23.09 percent year-on-year to Rs 8.11 lakh crore as of August 10. Gross direct tax collections increased 19.75 percent during the same period, while refunds also rose marginally.
Net corporate tax collections recorded substantial growth compared to the previous year. Securities Transaction Tax collections also climbed significantly. Overall, direct tax revenue before refunds reached Rs 9.55 lakh crore.
