Direct tax collection rose 182% in 10 yrs to ₹19.6 lakh cr in FY24

India's direct tax collection rose over 182% in the last 10 years to ₹19.6 lakh crore in FY24, from ₹6.95 lakh crore in FY15, as per a government report. Personal income tax collection jumped 294.3% to ₹10.45 lakh crore, while corporate tax collection rose 112.85% to ₹9.11 lakh crore. The direct tax-to-GDP ratio hit record high of 6.64% in FY24.