Direct tax mop-up surges 40% in FY22 till mid-Dec

Direct tax collections have soared over 40% to close to Rs 9.5 lakh crore (on a net basis) up to mid-December, raising expectations that the government may close the year with a higher than budgeted mop-up. Between April and December 16, on a gross basis, collections have increased by around 48% to Rs 10.3 lakh crore.

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