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The Central Board of Direct Taxes (CBDT) has released its latest Time Series Data for FY 2000-01 to FY 2024-25, revealing record-breaking trends in tax collections, compliance, and taxpayer growth. The provisional figures show that India's net direct tax collections surged to Rs 22.26 lakh crore in FY 2024-25, up from Rs 19.60 lakh crore in the previous fiscal year. Direct Tax-to-GDP Ratio Reaches 6.73% - Highest in Recent Years The data indicates a steady rise in India's direct tax-to-GDP rat
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FAQ :
The provisional net direct tax collections for FY 2024-25 have reached Rs 22.26 lakh crore.
The direct tax-to-GDP ratio for FY 2024-25 stands at 6.73%, the highest in recent years.
The total number of taxpayers for AY 2024-25 has reached 12.13 crore, with individual taxpayers making up over 11.61 crore.
Maharashtra, Karnataka, Delhi, Gujarat, and Tamil Nadu were the top contributing states in FY 2024-25.
The cost of collection has dropped to a historic low of 0.41% in FY 2024-25.
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