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Net direct tax collection rises 13.13% to over ₹21.26 lakh crore so far in current fiscal
Millennium Post Kolkata
|Kolkata 18 March 2025
Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by higher advance tax mop up, government data showed on Monday.
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NEW DELHI:
During the year, the government collected Rs 10.44 lakh crore from four instalments of advance tax as against Rs 9.11 lakh crore in the previous fiscal, registering a growth of 14.62 per cent.
The last instalment of the advance tax payment was due on March 15, 2025, for the current financial year.
Advance tax collection under the corporate tax category rose by 12.54 per cent to Rs 7.57 lakh crore while non-corporates witnessed a growth rate of 20.47 per cent to Rs 2.87 lakh crore during the financial year.
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