NEW DELHI: India's net tax revenue grew 65 percent during the April-November 2021 period due to growth in all major direct and indirect taxes in the last one year, shows data from the Economic Survey that was tabled in parliament today. Of the direct taxes, personal income tax has grown at 47.2 per cent over April-November 2020 while corporate income tax registered a growth of 90.4 per cent over April-November 2020 and 22.5 per cent over April-November 2019.
A direct tax is levied directly on a taxpayer who pays it to the government and cannot pass it on to someone else Direct Taxes are again subdivided as:
