The provisional figures of direct tax collections up to February 10, 2023 shows continued growth. As on Februaryy 10, gross direct tax collections were at ₹15.67 lakh crore which is 24.09% higher than the gross collections for the corresponding period of last year.
The recovery of the Indian economy from the shocks of the Covid-19 pandemic is reflected by the 23% increase in direct tax collections. Direct tax is referred to taxes paid by individuals on their income and by corporates on their earning. According
Last week’s decision by the government to impose export tax on petrol, diesel, and jet fuel (ATF) shipped overseas by private and public sector companies and also charge a windfall tax on crude oil produced locally by both private and state-owned companies