India’s direct tax mop-up in FY24 rises 16% to Rs 4.75 trillion so far

India’s direct tax collection soared 16 per cent to touch Rs. 4.75 trillion this finacial year, showing continuity in revenue growth despite external headwinds. 

The collection has gathered pace over past months, with net direct tax collection, net of refunds, growing 15.87 per cent to Rs. 4.75 trillion by July 9, higher than the net collections for the corresponding period of last year,” finance ministry said on Monday while…