Gross direct tax revenue jumps 24 pc to Rs 8.98 lakh cr; net collections cross 52 pc of budget target

General

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Oct 10, 2022

The gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year to Rs 8.98 lakh crore, the tax department said on Sunday.This includes a 32 per cent growth in personal income tax (including Securities Transaction Tax) mop up and 16.73 per cent increase in corporate tax revenues over the same period last year.

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