Higher advance tax collection helped net direct tax kitty swell 11 per cent to Rs 3.80 lakh crore so far this fiscal, a reflection of economic activity gaining traction. The Net Direct Tax collection of Rs 3,79,760 crore (as of June 17, 2023) includes corporation tax (CIT) at Rs 1,56,949 crore and personal income tax (PIT) including securities transaction tax (STT) at Rs 2,22,196 crore, the Finance ministry said in a statement.
