India’s direct tax collections witnessed a remarkable surge of 15.6% to surpass Rs 27 lakh crore in the previous fiscal year, primarily fueled by growth in income tax and corporation tax revenues. The net direct tax collection also performed well, hitting nearly Rs 22.3 lakh crore, marking a significant 13.6% increase. The robust tax revenue growth coupled with expenditure savings indicate a promising outlook for the fiscal deficit, potentially outperforming budget projections.