The central authorities mentioned on Friday that its gross direct tax collections stood at a provisional Rs 27,02,974 crore through the monetary 12 months 2024-25, which ended on March 31, 2025. That marked a rise of 15.6 per cent over its collections—direct taxes embody revenue tax and company tax—over its kitty the earlier 12 months.
Its internet collections rose 13.6 per cent to a provisional Rs 22,26,231 crore, in response to an official notification.
Direct tax refunds—or the return of extra cash paid by revenue tax assesses in comparison with their precise dues—jumped 26 per cent to Rs 4,76,743 crore. In FY24, the precise refunds had been recorded at Rs 3,78,255 crore.
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Out of the web collections of Rs 22,26,231 crore, Rs 9,86,719 crore was collected as company tax, Rs 11,82,875 crore as non-corporate tax (included taxes paid by entities reminiscent of people and Hindu Undivided Households), and Rs 53,296 crore as securities transaction tax (STT), in response to the notification.
Knowledge on Gross Direct Tax (DT) collections, Refunds and Internet Direct Tax (DT) collections for FY 2024-25 as on 31.03.2025 has been launched.
The info is out there on the nationwide web site of Earnings Tax Division on the following hyperlink: https://t.co/b8rxS6HWq4 pic.twitter.com/fxlEtMePkO
— Earnings Tax India (@IncomeTaxIndia) April 25, 2025
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