Quick Summary
India's direct tax collections for the financial year 2024-25, as of December 17, 2024, have demonstrated robust growth, with gross collections reaching ₹19.22 lakh crore - a remarkable 20.32% increase compared to the same period in FY 2023-24, when collections stood at ₹15.97 lakh crore. Breakdown of Growth Corporate Tax (CT) collections rose from ₹7.91 lakh crore in FY 2023-24 to ₹9.25 lakh crore in FY 2024-25. Non-Corporate Tax (NCT), which includes taxes from individuals, HUFs, and other e
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
As of December 17, 2024, gross direct tax collections for FY 2024-25 have reached ₹19.22 lakh crore.
Direct tax collections have increased by 20.32% compared to the same period in FY 2023-24.
Advance tax collections surged by 20.90%, climbing from ₹6.25 lakh crore in FY 2023-24 to ₹7.56 lakh crore in the current financial year.
Yes, securities transaction tax collections doubled, rising from ₹21,628 crore to ₹40,114 crore.
Refunds issued increased by 42.49%, but despite this, net direct tax collections still rose by 16.45%.
While corporate taxes continue to be the largest contributor, non-corporate taxes, including those from individuals and HUFs, displayed a more robust growth trajectory.
CAclubindia
