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Direct tax mop-up 95% of revised estimate
Mint Kolkata
|March 18, 2025
The Centre has collected ₹21.26 trillion in net direct taxes so far this fiscal year, reaching 95% of the revised full-year target, the Income Tax Department said Monday after the final advance tax instalment deadline.
Tax revenue, spanning corporate income tax, individual income tax, and securities transaction tax (STT), grew 13.1% year-on-year, outpacing 9.9% nominal GDP growth—a sign of strong tax buoyancy and expanding compliance.
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FLERE HISTORIER FRA Mint Kolkata
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