March 18, 2025 11:51 AM

India’s direct tax collections rise 16% to ₹25.86 lakh crore

India's direct tax collections have increased by 16.2%, totaling ₹25.86 lakh crore during the period from April 1, 2024, to March 16, 2025, as per the most recent figures from the Income Tax Department, compared to the same period in the previous financial year. Direct taxes include corporate tax, personal income tax, and securities transaction tax (STT). Corporate tax collections surged to ₹12.40 lakh crore in the current financial year, up from ₹10.1 lakh crore in the same period last y...