Union Budget: The spotlight on income tax changes commands attention in the upcoming interim budget. Indians await exemptions while the government pivots to an exemption-less tax system. With a 20.66% rise in direct tax collections this fiscal year, hitting over Rs 13.70 lakh crore, income tax announcements in the interim budget gain significance.
Direct tax kitty swells 21% to Rs 13 70 lakh crore tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Net direct tax collections for the financial year 2023-24 have jumped by 20.66 per cent to Rs 13,70,388 crore, compared to Rs 11,35,754 crore in the corresponding period of 2022-23, the Finance Ministry said on Monday.The net direct tax .
The provisional figures for Direct Tax collections in the Financial Year 2023-24, as of September 16, 2023, revealed a substantial increase in net collections, signifying a robust fiscal performance. The net collections have reached an impressive Rs 8,65,117 crore, compared to Rs 7,00,416 crore during the same period in the previous fiscal year (FY 2022-23)., Economy News, Times Now