Gross direct tax collections rose 30% to a little under Rs 8.4 lakh crore during the fiscal year up to September 17, when the second instalment of advance tax had been paid. The current growth rate is more than twice the asking rate to meet the full year direct tax target of Rs 14.2 lakh crore. With around a fortnight to go for the half year of FY23 to end, direct tax collections are estimated at around 58% of the full year target.
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