India's Direct Tax Collection Soars to Rs.8.65 Lakh Crore with 23.51% Annual Growth

Net Direct Tax Collection Surpasses Rs.8.65 Lakh Crore

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Net direct tax collection reaches Rs. 8.65 lakh crore, with a 23.51% annual growth

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Corporates' high advance tax payments have played a significant role in this growth

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Out of Rs. 8.65 lakh crore collected, Rs. 4.16 lakh crore is corporate income tax, and Rs. 4.47 lakh crore is personal income tax

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The current fiscal year sees a remarkable 23.51% growth in net direct tax collection

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Advance tax collections total Rs. 3.55 lakh crore, marking a 21% increase compared to the previous year's Rs. 2.94 lakh crore

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Of the advance tax collection, Rs. 2.80 lakh crore is corporate income tax, and Rs. 74,858 crore is personal income tax

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As of September 16, refunds totaling Rs. 1.22 lakh crore have been adjusted

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Direct tax collections for this financial year have reached approximately Rs. 9.87 lakh crore, showing an 18.29% annual increase

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The rise of rice: Global market dynamics and impact

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Net Direct Tax Collection Surpasses Rs.8.65 Lakh Crore

Net direct tax collection reaches Rs. 8.65 lakh crore, with a 23.51% annual growth

Strong Tax Collection Growth

Corporates' high advance tax payments have played a significant role in this growth

Corporate Contributions

Out of Rs. 8.65 lakh crore collected, Rs. 4.16 lakh crore is corporate income tax, and Rs. 4.47 lakh crore is personal income tax

Tax Breakdown

The current fiscal year sees a remarkable 23.51% growth in net direct tax collection

Impressive Growth

Advance tax collections total Rs. 3.55 lakh crore, marking a 21% increase compared to the previous year's Rs. 2.94 lakh crore

Advance Tax Boost

Of the advance tax collection, Rs. 2.80 lakh crore is corporate income tax, and Rs. 74,858 crore is personal income tax

Corporate vs. Personal

As of September 16, refunds totaling Rs. 1.22 lakh crore have been adjusted

Refunds Adjusted

Direct tax collections for this financial year have reached approximately Rs. 9.87 lakh crore, showing an 18.29% annual increase

Robust Fiscal Year

The rise of rice: Global market dynamics and impact

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