Direct tax revenue jumps 23.8 percent to Rs 8.98 lakh crore; net collection 52 percent above budget target

[BrunGa]

Direct tax revenue jumps 23.8 percent to Rs 8.98 lakh crore; net collection 52 percent above budget target The tax department said that the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections stands at 16.73% and 32.30% respectively.