India net direct tax collections jump 5 12 percent to Rs 23 40 lakh crore by March 31

A modest growth rate masks a bigger revenue picture

India’s net direct tax collections rose 5.12% to about Rs 23.40 lakh crore as of March 31. The update signals improving revenue inflows for the government, though the headline growth rate hints that the underlying tax performance and compliance trends could be more complex than they first appear.