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  • Net direct tax inflows rise 16.1%.
    Posted on September 19th, 2024 in Exam Details (QP Included)

    Net direct tax inflows rise 16.1%.


    • Advance tax payments from corporates and personal taxpayers rose 22.6% to ₹4.36 lakh crore.
    • Personal Income Tax (PIT) receipts increased by 39.2% and corporate taxes by 18.2%.
    • Overall net direct tax receipts were 16.1% higher at ₹9.96 lakh crore.
    • Corporate tax collections rose 10.5%, while inflows from PIT rose 18.9%.
    • Securities Transaction Tax collections almost doubled to ₹26,154 crore.
    • Personal taxes outstrip corporate taxes, with a 51.7% share in net direct tax receipts.

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