Recent data from the Central Board of Direct Taxes indicates a remarkable 21% surge in advance tax collections, reaching over Rs 3,55,481 crore. This boost demonstrates a notable increase since the initial installment in mid-June.
Additionally, there is an impressive 18.3% rise in gross direct tax collections, totaling Rs 9,87,061 crore. These figures reflect a robust performance in tax collection, signaling positive economic momentum.