Direct tax revenue grows 17.5% to â¹2.24 lakh cr in Apr-Aug
Direct tax collections in the first five months of the current fiscal grew 17.5% to â¹2.24 lakh crore. This is 22.9% of the total budget estimates of direct taxes, which comprise personal and corporate income tax, for the current financial year. Notably, the government had set a full-year growth target of 15.7% for direct tax receipts at â¹9.8 lakh crore.