India’s gross direct tax collections surge by 21% annually through mid-September

https://www.cnbctv18.com/economy/india-gross-direct-tax-collections-surge-by-21-pc-annually-through-mid-september-19478765.htm
Key contributors include a significant rise in Securities Transaction Tax (STT), which nearly doubled to ₹26,154 crore from ₹13,352 crore in 2023, reflecting increased investor exposure in equity markets. This rise in STT shows how people are making money, as income has doubled, leading to a corresponding increase in tax collections…