Topic
tax collection
Economy #direct tax#corporate earnings
Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings
India's net direct tax collections rose 14.64% to Rs 5.21 lakh crore as of June 17 in FY27, driven by strong corporate advance tax (up 16%) and securities transaction tax (up 45%). The government is on track to meet its FY27 direct tax target of Rs 26.97 lakh crore.
Jun 20, 2026 1 source
Economy #gst#tax collection
GST Collection Growth Slows to 3.2%, Lowest in Six Months
India's GST collection growth decelerated to 3.2% in May, marking the slowest pace in six months. The total collection stood at Rs 1,94,184 crore, with domestic revenue declining by 2.6%. Adjusted for a one-time telecom payment, the growth would have been 9%.
Jun 2, 2026 1 source