FY24, direct tax collections surpass projections, increasing by 18% to Rs 19.58 lakh crore
The tax department announced on Sunday that India’s net direct tax receipts increased dramatically by 17.7% year over year to Rs 19.58 crore in the fiscal year that ended in March 2024, much above even revised projections. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24…
