Friday, 24 March, 2023

India's Direct Tax Collection Surges 22.6% to Rs 16.68 lakh crore

<p>The Indian government&#39;s direct tax collection for the current fiscal year has seen a surge of 22.6%, reaching a record high of Rs 16.68 lakh crore ($223 billion) by March 6, 2023, surpassing its target of Rs 15.05 lakh crore ($201 billion) for the fiscal year 2022-23. This increase can be attributed to the growth in corporate income tax, personal income tax, and securities transaction tax.&nbsp;The figures reflect a positive trend in the country&#39;s economy.</p>