Monday, July 7, 2025
HomeBusinessNet direct tax kitty swells 16% to Rs 16.90 lakh crore so...

Net direct tax kitty swells 16% to Rs 16.90 lakh crore so far in FY25

-

[ad_1]

Net direct tax kitty swells 16% to Rs 16.90 lakh crore so far in FY25

NEW DELHI: The net direct tax collection grew 15.88 per cent to about Rs 16.90 lakh crore so far this fiscal, according to government data released on Monday. As per the data by the Central Board of Direct Taxes (CBDT), mop-up from net non-corporate taxes, which include mainly personal income tax, stood at over Rs 8.74 lakh crore.
The net corporate tax collection between April 1, 2024, and January 12, 2025, was around Rs 7.68 lakh crore.
Net collections from securities transaction tax (STT) stood at Rs 44,538 crore so far this fiscal.
Refunds worth over Rs 3.74 lakh crore were issued during the period, a 42.49 per cent increase over the year-ago period.
Gross direct tax mop up between April 1 and January 12 grew 20 per cent to over Rs 20.64 lakh crore.
The government has budgeted to collect Rs 22.07 lakh crore in the current fiscal from direct taxes.
This includes Corporate tax collection of Rs 10.20 lakh crore, personal income tax and other taxes of Rs 11.87 lakh crore.



[ad_2]

Source link

LATEST POSTS

Ceritafilm Explores the Heart of Every Movie Through Story Reviews

Introducing ceritafilm: Where Movies Meet Meaningful Stories In a world flooded with movie ratings, short reviews, and spoiler-filled discussions, https://ceritafilm.com stands out by offering something truly...

Turn Health into Wealth with LifeWave X39

In today’s world, people are searching for two things more than ever:✅ Better health✅ Financial freedom With LifeWave X39, you don’t have to choose — you...

Soft Play Bus Essex with Squeeze Rollers & Dizzy Discs – A Fun-Filled Mobile Adventure

In today’s world of children’s entertainment, finding activities that combine physical play with safety and creativity can be a challenge. The Soft Play Bus Essex offers a...

The Mobile Spa Trend: Pamper Bus Fun for Little Fashionistas

A New Way to Celebrate in StyleThe world of children’s parties has transformed over the years, with themed events becoming more elaborate, creative, and personalized....

Most Popular

spot_img