India witnessed a remarkable 15.6% increase in gross direct tax collections, surpassing Rs 27 lakh crore in the last fiscal year. This surge was fueled by rises in both income tax and corporation tax payments. The net direct tax collection also performed well, hitting nearly Rs 22.3 lakh crore, marking a 13.6% growth. The tax revenue boost, coupled with expenditure savings, indicates a promising outlook for the fiscal deficit, potentially outperforming budget projections.