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India's direct tax collections for the financial year 2024-25 have witnessed a robust year-on-year (YoY) growth of 13.13%, reaching ₹21.26 lakh crore in net collections as of March 16, 2025, according to data from the Tax Information Network Management Information System (TINMIS). Breakdown of Di
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FAQ :
As of March 16, 2025, India's net direct tax collections for FY 2024-25 reached ₹21.27 lakh crore.
Direct tax collections saw a year-on-year growth of 13.13%.
Corporate Tax collections increased to ₹9.69 lakh crore from ₹9.04 lakh crore in the previous year.
Refunds issued increased significantly by 32.51%, amounting to ₹4.60 lakh crore.
Both Corporate Advance Tax collections rose 12.54% and Non-Corporate Advance Tax collections surged 20.47%.
The steady growth reflects stronger economic activity, higher corporate profitability, and improved compliance.
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