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India's direct tax collections for the financial year 2024-25 have recorded a significant upswing, with net collections reaching Rs 22.26 lakh crore as of March 31, 2025, according to provisional data released by the Central Board of Direct Taxes (CBDT). This marks a 13.57% growth over the previous fiscal's net collections of Rs 19.60 lakh crore. The increase in collections highlights the country's strong economic performance and enhanced tax compliance. Corporate tax collections rose from Rs 9
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FAQ :
The net direct tax collection for FY 2024-25 reached Rs 22.26 lakh crore as of March 31, 2025.
Direct tax collections saw a growth of 13.57% in FY 2024-25 compared to the previous fiscal year.
Corporate tax collections increased from Rs 9.11 lakh crore to Rs 9.87 lakh crore in FY 2024-25.
Non-corporate tax collections, mainly personal income tax, rose from Rs 10.10 lakh crore to Rs 11.82 lakh crore in FY 2024-25.
Yes, Rs 4.76 lakh crore in refunds were issued in FY 2024-25, which is a 26.04% increase from the previous year.
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