What factors contributed to the 21.8% growth in India's net direct tax collections by October 9

There are several factors that contributed to the 21.8% growth in India's net direct tax collections by October 9th. These factors include: 1. Economic growth: India's overall economic growth has been improving, which has resulted in higher incomes and profits for individuals and companies. This has led to higher tax liabilities and increased tax collections. 2. Increased tax compliance: The government has implemented various measures to improve tax compliance, such as the introduction of the Goods and Services Tax (GST) and stricter enforcement of tax laws. This has resulted in a larger number of taxpayers and higher tax collections. 3. Higher corporate profits: The corporate sector has witnessed improved profitability, partly due to the government's efforts to ease business regulations and improve the ease of doing business. This has led to higher corporate tax collections. 4. Demonetization impact: The demonetization exercise carried out in 2016 led to a shift in the economy towards the formal sector and increased the usage of digital payment methods. This has resulted in improved tax compliance and increased tax collections. 5. Increased focus on tax recovery: The government has been proactive in pursuing tax recoveries and resolving tax disputes. This has helped in increasing the collection of outstanding taxes. Overall, a combination of economic growth, improved tax compliance, higher corporate profits, the impact of demonetization, and increased focus on tax recovery has contributed to the significant growth in India's net direct tax collections.