Net direct tax collections rise 13% to ₹12.1 trillion
Net direct tax collections in India rose 13% to ₹12.1 trillion, driven by a 19.48% increase in net corporate tax collections to ₹5.56 trillion. The growth in tax collections suggests strong revenue mobilization in FY27, which is crucial for funding government expenditure and managing the fiscal deficit. The government aims for a net tax revenue of ₹28.67 trillion this fiscal year.