💨 Abstract

India's direct tax collections, including income tax, corporate tax, and securities transaction tax, have grown by 19.06% YoY, reaching Rs 21.88 lakh crore in FY 2024-25, as per the Income Tax Department. The surge is attributed to higher corporate and non-corporate tax revenues and a significant increase in STT receipts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖