Central Board of Direct Taxes

September 19, 2025 5:19 PM

Net direct tax revenue rises 9.2% to cross ₹10.82 lakh crore

India’s net direct tax collections grew 9.18% year-on-year to cross ₹10.82 lakh crore as of September 17, 2025, aided by a sharp decline of 23.87% in refunds, according to data released by the Central Board of Direct Taxes (CBDT) on Friday. Of the total collections, non-corporate tax revenue rose 13.67% to ₹5.83 lakh crore. This category includes taxes paid by entities not registered as companies under the Companies Act. Net corporate tax collections increased 4.93% to ₹4.72 lakh crore...

April 28, 2025 12:49 PM

CBDT launches aggressive drive to curb black money, targets Rs. 2.4 lakh crore in undisclosed income

The Central Board of Direct Taxes (CBDT) has instructed field formations of the Income Tax Department to intensify efforts against black money and tax evasion through a comprehensive, time-bound strategy aimed at bringing unreported and under-reported businesses into the tax net. According to a media report, the CBDT estimates a potential recovery of undisclosed income amounting to a staggering Rs. 2.4 lakh crore during the current financial year. Each jurisdiction of the Income Tax Department...

July 28, 2024 5:42 PM

Tax clearance certificate to fly abroad not mandatory for all, govt clarifies

The Indian government has issued a clarification regarding recent misleading reports about mandatory tax clearance for individuals traveling abroad. The Central Board of Direct Taxes (CBDT) said on Sunday that not every person is required to obtain a tax clearance certificate under section 230 of the Income-tax Act, 1961. This clarification comes in response to concerns raised after the Budget 2024-25, presented by Finance Minister Nirmala Sitharaman on July 23, proposed including the Black Mo...