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Net direct tax kitty grows 16% on corporate refunds
December 19, 2024
|Hindustan Times Mumbai
Gross direct tax collection in 2024-25 (as on December 17) saw 20.32% year-on-year (y-o-y) jump to ₹19.21 lakh crore, but net collection in the period saw 16.45% increase at ₹15.82 lakh crore on higher refunds of ₹3.39 lakh crore, particularly on account of corporates, government data said.
NEW DELHI:
Gross corporate tax (CT) collection in the current financial year (as on December 17, 2024) posted 16.92% annualised growth to ₹9,24,693 crore, but net saw only 8.57% y-o-y increase because of higher refunds. Refunds to corporates jumped 70.32% to ₹1,82,086 crore as compared to ₹1,06,904 crore in FY24 (as on December 17, 2023), according to data released on Wednesday.
هذه القصة من طبعة December 19, 2024 من Hindustan Times Mumbai.
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