India’s net direct tax collections reached ₹6.51 trillion in the current fiscal year through mid-July. Income Tax Department data showed a 16.4% year-on-year increase for that period.
Direct taxes include personal income tax and corporate tax after refunds. The mid-July print compares collections so far this fiscal year with the same stretch a year earlier.
A mid-teens growth rate at this point in the year is a key fiscal monitor for revenue buoyancy. The cited figures attribute the total and the percentage rise to official Income Tax Department data.
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