Why in news Advance tax payments rose 22.6% to over ₹4.36 lakh crore. Personal Income Tax (PIT) receipts surged by 39.2%. Corporate tax ...
Why in news
Advance tax payments rose 22.6% to over ₹4.36 lakh crore.
Personal Income Tax (PIT) receipts surged by 39.2%.
Corporate tax collections increased by 18.2%.
Net direct tax receipts were 16.1% higher at approximately ₹9.96 lakh crore.
Securities Transaction Tax: Collections nearly doubled to ₹26,154 crore.
Refunds climbed by 56.5% to ₹2.05 lakh crore.
Personal taxes accounted for 51.7% of net direct tax receipts.
Before refunds, gross tax collections were up 21.5% at ₹12.01 lakh crore.
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