July 13, 2024 12:42 PM

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...