New Delhi: Net direct tax collection grew 16.45 per cent year-on-year to over Rs 15.82 lakh crore till December 17 this fiscal, buoyed by higher advance tax mop-up, government data showed. Advance tax collection during the period rose 21 per cent to Rs 7.56 lakh crore.
The collection includes corporate tax of over Rs 7.42 lakh crore and non-corporate tax mop-up of Rs 7.97 lakh crore. Securities Transaction Tax (STT) of Rs 40,114 crore was collected between April 1-December 17 of current fiscal year. Refunds worth Rs 3.39 lakh crore were issued during the period, registering a growth of 42.49 per cent year-on-year.
Data on Direct Tax (DT) collections and Advance Tax collections for FY 2024-25 as on 17.12.2024 has been released.
The data is available on the national website of Income Tax Department at the following link:https://t.co/KyEZn1zD54@nsitharamanoffc @officeofPCM…
— Income Tax India (@IncomeTaxIndia) December 18, 2024
Gross direct tax collection, which includes corporate, personal income tax and STT stood at over Rs 19.21 lakh crore, a 20.32 per cent growth over the collection in April 1-December 17, 2023.
India’s net direct tax collections rose by 16.45 per cent to Rs 15.82 lakh crore until December 17, 2024, driven by a rise in advance tax collections which were up 21 per cent during the period under consideration. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
