New Delhi, November 5: India’s net direct tax collections rose by 7% year-on-year, reaching ₹12.92 lakh crore, reflecting steady economic growth and improved tax compliance across sectors. The increase has been driven by higher corporate tax inflows and strengthening personal income-tax contributions, signalling a broader tax base and better revenue mobilisation. Officials noted that digital tax administration and stricter enforcement measures have played a key role in boosting collections this financial year.
The rise in revenue is expected to support government spending on infrastructure, welfare schemes, and developmental programmes ahead of the next fiscal. With the economy showing resilience and businesses reporting improved earnings, experts anticipate that direct tax revenues may continue to see healthy growth in the coming quarters. The encouraging collection figures also reinforce confidence in India’s financial stability and long-term economic outlook.
Leave a Reply