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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.

- Rajeev Jayaswal

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.

MEER VERHALEN VAN Hindustan Times Lucknow

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Leader with strong grassroots connect

Ajit Pawar’s untimely demise leaves a vacuum in Maharashtra politics

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2 mins

January 29, 2026

Hindustan Times Lucknow

Industrial activity hits two-yr high in Dec

MUMBAI: India’s industrial activity strengthened further in December, with the Index of Industrial Production (IIP) rising 7.8% year on year, marking the highest growth in over two years, data released by the National Statistical Office (NSO) on Wednesday showed.

time to read

1 min

January 29, 2026

Hindustan Times Lucknow

Hindustan Times Lucknow

UGC regulations against caste bigotry need tweaks

The Promotion of Equity in Higher Educational Institutions Regulations 2026 have multiple shortcomings that can fail the efforts to end discrimination on educational campuses

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4 mins

January 29, 2026

Hindustan Times Lucknow

U.S. TREASURY SECY BESSENT ‘DISAPPOINTED’ BY EU-INDIA DEAL

US Treasury Secretary Scott Bessent said on Wednesday he was disappointed by Europe's decision to strike a major trade agreement with India, saying it showed Europe put trade ahead of the interests of the Ukrainian people.

time to read

1 min

January 29, 2026

Hindustan Times Lucknow

Hindustan Times Lucknow

India ‘comes out on top’, says US on EU trade deal

WASHINGTON: In one of the first public comments by a senior Trump administration official on the unveiling of a historic trade deal between India and the European Union (EU), US Trade Representative Jamieson Greer said that India “comes out on top” while evaluating the terms as New Delhi could benefit significantly through more market access for its low cost goods and potentially more immigration to the EU.

time to read

1 mins

January 29, 2026

Hindustan Times Lucknow

Cautionary tale: Goldilocks and the Budget bugbears

While this has protected the fiscal situation, the recovery was largely profit led rather than wage led. (See chart 2)

time to read

3 mins

January 29, 2026

Hindustan Times Lucknow

USA’s WC squad batter suspended for fixing

USA batter Aaron Jones has been charged with five counts of breaching anti-corruption codes of Cricket West Indies (CWI) and ICC.

time to read

1 min

January 29, 2026

Hindustan Times Lucknow

Tragic homecoming: Ajit Pawar dies in jet crash

Fatal crash at Baramati airport kills all five on board the Learjet chartered flight; Ajit Pawar's last rites to be performed at Ilam today

time to read

1 min

January 29, 2026

Hindustan Times Lucknow

SC pulls up states over inaction on stray dogs

The Supreme Court on Wednesday expressed displeasure over what it described as inadequate and poorly implemented measures by several states to deal with the growing menace of stray dogs, flagging serious gaps in sterilisation, creation of dog pounds, and removal of animals from educational and institutional premises.

time to read

2 mins

January 29, 2026

Hindustan Times Lucknow

He would have joked about it: JD Majethia on Satish Shah's posthumous Padma honour

Actor and filmmaker JD Majethia (right), who produced the popular sitcom Sarabhai vs Sarabhai, reacted on late actor Satish Shah being posthumously honoured with the Padma Shri award recently.

time to read

1 min

January 29, 2026

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