India’s net direct tax collections up by 18.35 per cent to almost Rs 11.26 lakh crore in April-October

India’s net direct tax collection for FY 2024-25 surged by 18.35 per cent to Rs 11.26 lakh crore as of October 10, driven by a significant rise in Securities Transaction Tax and corporate tax collections. Gross collections rose 22.30 per cent to Rs 13.57 lakh crore year on year.