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India's net direct tax collection swells 16% in FY25
Mint Chennai
|January 14, 2025
Strong growth in tax collection from both personal and corporate income helped the Central government to collect ₹16.9 trillion in direct tax revenue so far this financial year after adjusting for tax refunds, official data showed on Monday.
The net direct tax collection growth of 15.9% so far this year exceeds the 12.8% growth rate that finance minister Nirmala Sitharaman had projected in her July budget after the national polls last year.
Corporate tax collection grew 16.5% after adjusting for refunds to ₹7.68 trillion up to 12 January, against a full-year target of ₹10.2 trillion.
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