Despite West Asia crisis, net direct tax mopup grows 15% to Rs 5.2 lakh crore

India's direct tax collections have seen a significant rise of over 14 percent. This growth is driven by strong advance tax payments from corporations. This indicates robust corporate earnings and a positive business outlook for the current fiscal year. Market activity also remains high, contributing to tax revenues. The collections have resumed their growth path, overcoming previous year's disruptions.