India's net direct-tax collections rise 13% to Rs 12.10 lakh crore

India's net direct-tax collections rose nearly 13 per cent, reaching Rs 12.10 lakh crore, signalling robust economic activity and taxpayer confidence. Advance tax payments grew over 16 per cent year-on-year, with corporate advance tax collections surging by more than 18 per cent.

Gross direct tax collections increased 15 per cent during the period, while tax refunds also jumped significantly. The strong growth across advance tax categories reflects continued economic momentum and improved compliance among taxpayers.