India’s direct tax collections witnessed a substantial increase in the last fiscal year, with a 15.6% surge to surpass Rs 27 lakh crore. This growth was primarily fueled by rises in income tax and corporation tax collections. The net direct tax collection also performed well, hitting nearly Rs 22.3 lakh crore, marking a 13.6% increase. These figures indicate that the tax revenue targets were largely met, hinting at a positive impact on the fiscal deficit when compared to the budget projections. The uptick in tax collections and expenditure savings point towards a potentially improved fiscal situation for India.