Net direct tax collections rise 11.8% to Rs.14.42 trillion, corporate tax leads
New Delhi, Nov. 11 -- India's net direct tax collections rose 11.76% year-on-year to Rs.14.42 trillion as of 10 November in FY27, with corporate tax receipts providing the biggest boost, growing 17.8% to Rs.6.32 trillion, provisional data from the Income Tax Department showed.
The growth in net corporate tax collections was more than three times the 5.3% increase in non-corporate tax receipts, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities. Non-corporate tax collections rose to Rs.7.56 trillion from Rs.7.18 trillion in the corresponding period last year.
Gross corporate tax collections increased 16% to Rs.8.01 trillion, while gross non-corporate tax receipts grew 10.7% to Rs.8.95 trill...
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