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INDIA'S NET DIRECT TAX COLLECTIONS UP 18.35%
The Business Guardian
|October 13, 2024
India's net direct tax collection for the financial year 2024-25 has seen a significant surge, with an increase of 18.35 per cent to almost Rs 11.26 lakh crore year on year, as of 10 October, the data from the Central Board of Direct Taxes (CBDT) shows.
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The gross collection of direct tax grew 22.30 per cent to Rs 13.57 lakh crore year on year, as of 10 October, the data shows.
The refund amounting to Rs 2.31 lakh crore released during the period. The refund amount saw a growth of 46 per cent.
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