Quick Summary
CBDT has successfully recovered ₹92,400 crore in outstanding tax liabilities in the ongoing financial year (2024-25) up to March 15, according to sources familiar with the matter. This includes ₹67,711 crore from corporate tax, ₹23,536 crore from personal income tax, and ₹1,100 crore from tax deduct
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FAQ :
As of March 15, 2025, the CBDT has recovered £92,400 crore in outstanding tax liabilities for the financial year 2024-25.
The recovery includes £67,711 crore from corporate tax, £23,536 crore from personal income tax, and £1,100 crore from tax deducted at source (TDS) defaults.
Yes, the £92,400 crore recovered in FY 2024-25 is a significant increase compared to the £75,000 crore recovered in FY 2023-24.
The CBDT issued specific guidelines and zone-wise recovery targets, provided information from various sources to tax authorities, and directed field officers to focus on recoverable cases. A special team also analysed high-value pending tax cases.
From the next financial year, the CBDT plans to collaborate with other investigation agencies to track missing taxpayers and identify potential defaulters, aiming to streamline the recovery process further.
Officials anticipate that the total recovery could reach £1 lakh crore by the end of the fiscal year, with more taxpayers expected to file revised returns before the March 31 deadline.
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