Net direct tax

February 12, 2025 9:35 AM

India’s net direct tax collection rises 15% to cross ₹17.78 lakh crore in 2024-25

India’s net direct tax collection, comprising corporate tax and personal income tax, increased by 14.69% to cross ₹17.78 lakh crore as of February 10 in the current financial year, compared to ₹15.51 lakh crore in the same period of 2023-24, according to data released by the Central Board of Direct Taxes (CBDT) on Tuesday. The gross direct tax revenue surged by 19.06% to exceed ₹21.88 lakh crore, up from ₹18.38 lakh crore in the corresponding period of the previous year. Revenue from...

Net direct tax collections surge 16% to ₹16.90 lakh crore in FY25

India’s net direct tax collections recorded a robust 15.88% jump to ₹16.90 lakh crore during April 1, 2024–January 12, 2025, compared to the same period of the previous financial year, according to the latest figures compiled by the Income Tax Department. The gross direct tax collections, before refunds, increased by 19.94% to ₹20.64 lakh crore during this period, compared to ₹17.21 lakh crore in the corresponding period of the previous year. Personal income tax collections surged 21...