Latest Direct Taxes News & Updates

India’s Direct Tax Collections Grow by 16.4% to Rs 6.51 Lakh Crore

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New Delhi, July 14 (IANS) India’s net direct tax collections recorded a robust 16.4 per cent year-on-year growth to Rs 6.51 lakh crore as of July 13 in the current financial year, driven by higher corporate tax, non-corporate tax, and securities transaction tax (STT) collections, according to figures released by the Income Tax Department on Tuesday.Net corporate tax collection grew over 22 per cent to around Rs 2.40 lakh crore, while net non-corporate tax collection recorded an increase of aroun…