Direct tax collections exceed revised estimates by ₹13,000 cr
Big boost from personal income tax helped the government receive over ₹19.58 lakh crore through direct taxes in fiscal year 2023-24. With this, collections exceeded both budget estimates (BE) and revised estimates (RE). Direct taxes comprise personal income tax or PIT (Including securities transaction tax) and corporate income tax (CIT). Rise in direct taxes indicate … Read more
