Corporate Lease Boosts Direct Tax Collection by 21% This Fiscal
Net direct tax collection grew 21% to over Rs 4.62 lakh crore this fiscal, driven by higher advance tax payments from corporates. The first instalment of advance tax, due June 15, rose 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT). Lease agreements are also seeing a rise.