Key Points
Advance tax payments have bolstered net direct tax collections, which may now surpass the upwardly revised target of Rs 19.45 lakh crore by the end of this fiscal, people aware of the matter told ET...
Net direct tax collections from April 1, 2023, to March 15, 2024, stood at Rs 18.95 lakh crore, up 14.05% year on year, buoyed by advance tax collections of Rs 9.10 lakh crore, officials said...
So far, corporates have paid Rs 6.72 lakh crore in advance tax while individuals accounted for Rs 2.37 lakh crore...
Gross direct tax collections before refunds stood at `22.25 lakh crore as of March 15, up 13.5% compared to the same period last year, a second official said...
Among minor head-wise collections, tax deducted at source stood at Rs 10.31 lakh crore as of March 15, self-assessment tax at Rs 1.73 lakh crore, regular assessment tax at Rs 73,528 crore, and security transaction tax at Rs 33,134 crore, the first official cited above said...
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