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FY25 Direct Taxes Surge But Miss Target Slightly Due To Refunds
Hindustan Times Bengaluru
|April 26, 2025
India's net direct tax income for financial year 2024-25 recorded a 13.57% year-on-year growth to over ₹22.26 lakh crore, marginally missing the target of ₹22.37 lakh crore set in the revised estimate (RE) for financial year 2025 due to a 26% jump in refunds.
NEW DELHI:
However, the net collection of ₹22,26,231 crore in the financial year ended March 31 was higher than the original budget estimate (BE) for FY25 of ₹22,07,000 crore, according to provisional data released by the Central Board of Direct Taxes (CBDT) on Friday.
The net collection missed the revised estimate target by ₹10,769 crore as refunds jumped over 26% to ₹4,76,743 crore in FY25 as compared to ₹3,78,255 crore in FY24.
यह कहानी Hindustan Times Bengaluru के April 26, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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