Net direct tax collections grew 15.8 per cent to Rs 4.75 lakh crore from April 1-July 9 this year, an indication of economic activity and tax compliance measures, data released by the income tax department on Monday showed. With this, the government has achieved 26.05 per cent of its total budget estimate of Rs 18.23 lakh crore for 2023-24.
The revenue growth rate has improved from last month, when net direct taxes had grown 11.2 per cent till June 17.
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