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Direct Tax Collection Surges in 2024-25
December 22 , 2024
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- India’s net direct tax collections were up 16.5%, crossing ₹15.82 lakh crore by December 17, with non-corporate taxes leading the growth.
- Net corporate tax receipts were up just 8.6% to close to ₹7.43 lakh crore.
- Net collections from non-corporate taxes rose at almost thrice the pace at 22.5% to ₹7.97 lakh crore.
- The gross tax receipts had grown 20.3% so far this year to cross ₹19.21 lakh crore, with corporate taxes rising 16.9% and non-corporate receipts up 22%.
- The receipts from the Securities Transaction Tax (STT) were up a sharp 85.5% to over ₹40,100 crore.
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