India's net direct tax collections grew 22.5% to ₹6.93 trillion between April 1 and August 11, compared to ₹5.65 trillion in the same period last year. Personal income tax collections saw a significant increase of 30% year-on-year, reaching ₹4.47 trillion, while corporate tax collections rose by 6% to ₹2.22 trillion. The gross direct tax collections before refunds amounted to ₹8.13 trillion, a 23.99% rise from the previous year. This surge is attributed to increased personal incomes, changes in tax policy, and enhanced compliance measures. The Securities Transaction Tax collections also more than doubled to ₹21,599 crore, reflecting heightened stock market activity. The government aims to achieve a total direct tax collection of ₹22.07 trillion for this fiscal year.