Direct tax kitty increases 22%, cushion for government to spend more - Qoneqt
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    QONEQT in India

    19 Jun 05:22 AM


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    Direct tax kitty increases 22%, cushion for government to spend more

    Indias Gross Direct Tax Collections surged by 22.2% to reach Rs 5.15 Lakh Crore, supporting higher government spending. The finance ministrys latest data highlights a 27.3% boost in advance tax collections, mostly from the corporate sector. Refunds amounting to Rs 53,322 crore have been issued in the FY2024-25 till June 17, 2024.