Direct tax collections grew by nearly 20 per cent between April and January this year with strong growth in both corporate and personal income tax receipts. According to official data released, net direct tax collections grew by 19.3 per cent up to January 2018 to Rs 6.95-lakh crore.
While net corporate income tax grew by 19.2 per cent, personal income tax receipts rose by 18.6 per cent in January this year. Gross tax collections also grew at a robust 13.3 per cent to Rs 8.21-lakh crore between April 2017 and January 2018.
Source- The Hindu Business Line