Business EconomyPosted at: Oct 11 2024 9:19PM


Net direct tax collections rise 18 pc in FY25 so far

New Delhi, Oct 11 (UNI) Net direct tax collections comprising of personal income tax, corporate tax, securities transaction tax (STT) and other taxes rose 18.35% year-on-year to Rs 11.26 lakh crore in the current financial year till October 10, 2024.
The net direct tax collection during the same period last financial year had stood at Rs 9.51 lakh crore.
As per data released by the income tax department, gross direct tax collection in the current financial year till October 10 stands at Rs 13.57 lakh crore thus registering 22.30% year-on-year growth over the same period a year ago.
Total refunds during the period stood at Rs 2.31 lakh crore, up 46% compared to Rs 1.58 lakh crore in the same period a year ago.
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