Direct tax collections jump nearly 24% to Rs 8.13 lakhs in April-Aug period

Gross direct tax collections from April 1 to August 11 have increased by 23.99 percent over the same period of the previous year, reaching 8.13 lakh crore rupees.

The Income Tax Department said that collections were 6.55 lakh crore rupees during the same period last year. Net collections were recorded at 6.93 lakh crore rupees, reflecting an increase of 22.48 percent.