India’s net direct-tax revenue surged by 15.4% to ₹12.1 trillion in the current fiscal year, according to a report from the Central Board of Direct Taxes (CBDT). This figure accounts for refunds, marking a significant growth attributed to efficient tax collection and compliance measures. The
India’s net direct tax collections have witnessed a staggering increase of 182.02% over the last decade, reaching ₹19.60 lakh crore in FY24, compared to ₹6.95 lakh crore in FY15, according to the latest data released by the Income Tax Department. The remarkable rise has been fueled primarily by strong growth in personal income tax collections, […]