Tax Collection in India

August 4, 2025 4:06 PM

Net direct tax collection surges after reduction of corporate tax rates: Minister

The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after reduction of the corporate tax rates with effect from Assessment year (AY) 2020-21, the Parliament was informed on Monday. Since FY 2021-22, the growth in net direct tax collection has been robust, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply. The total revenue impact on account ...

Robust net direct tax collection in FY25, (upto July 11) up 19.54 per cent

The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department. Last year during the same period the net direct tax collection was Rs 4,80,458 crore. This represents a notable growth in direct tax collections over the one-year period. Moreover, the total refunds issued in FY 2024-25 amounted to Rs 70,902 crore, which represents a signifi...