Centre's net direct tax collection rises 16.5% to ₹15.82 lakh crore till Dec 17

THE central government's net direct tax collection for 2024-25 has soared 16.5% to ₹15.82 lakh crore till December 17, 2024, thanks to healthy personal income tax collections even as growth in corporate taxes remained moderate.

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During the same period previous year, the government had collected ₹13.59 lakh crore. The gross collection during the period rose 20.32% to ₹19.21 lakh crore. Refunds by the tax department for FY25 till December 17, 2024 rose by 42.5% to ₹3.4 lakh crore. For FY25, the government has a target of collecting ₹22