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Direct tax collection rises 21% to Rs 12.01 lakh Cr
The Business Guardian
|September 20, 2024
India's direct tax net collection for the financial year 2024-25 has seen a significant surge, with an increase of 21.48 per cent as of 17 September this year, the data from the Central Board of Direct Taxes (CBDT) shows.
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The gross collection of direct tax stood at Rs 12.01 lakh crore for the period April to September. This is an increase from the previous year's Rs 9.88 lakh crore, the data shows.
The net collection has seen an uptick of 16.12 per cent at Rs 9,95,766 crore, as against Rs 8,57,528 cr on 17 September 2023.
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