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India’s net direct tax collections up 7% to Rs 12.92 lakh cr on strong corporate, personal tax

The non-corporate or personal income tax segment — which includes taxes paid by individuals, Hindu Undivided Families (HUFs), and partnerships — has emerged as a key growth driver. Net personal income tax collections jumped 17.7% to Rs 7.19 lakh crore, compared with Rs 6.61 lakh crore a year ago.

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