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Net Direct Tax For FY25 Up 13% So Far
Hindustan Times Lucknow
|March 18, 2025
India's net direct tax revenue in 2024-25 (up to March 16) saw over 13% year-on-year growth surpassing ₹21.26 lakh crore after ₹4.60 lakh crore refunds, prompting experts to expect that the revenue collection could meet the ₹22.37 lakh crore budget target set in the revised estimate for FY25 on enhanced compliance.
NEW DELHI:
The gross direct tax revenue in FY25 (till March 16) jumped 16.15% to over ₹25.86 lakh crore as compared to little more than ₹22.27 lakh crore collected in the same period of last year, data released by the finance ministry on Monday said.
With over 32.5% annualised jump in refunds, the net revenue in the current period mentioned above was ₹21,26,923 crore.
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