India's Direct Tax Collection Surges 17% to Rs 13.73 Lakh Crore as of March 10th
India's direct tax collection has grown by 17% to reach Rs 13.73 lakh crore as of March 10th, as compared to Rs 11.68 lakh crore in the previous year.
The growth in direct tax collection indicates a positive trend in the country's tax collection system, despite the challenges posed by the Covid-19 pandemic.
The net direct tax collection includes corporate tax, personal income tax, and securities transaction tax.
The government has been taking various measures to boost tax compliance and increase the tax base, which has contributed to the growth in direct tax collection.
The increase in direct tax collection is expected to provide a boost to the country's economy and help in achieving the government's fiscal targets.
The government has also been focusing on simplifying the tax regime and making it more taxpayer-friendly to encourage tax compliance.
The growth in direct tax collection is a positive development for the country, and the government will continue to take measures to improve the tax collection system and ensure fiscal discipline.