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August 12, 2025, 06:29 PM - 2 min read
Government data released on Tuesday showed net direct tax collection in this fiscal drop by 3.95 per cent on the back of higher refunds, which jumped 10 per cent to ₹1.35 lakh crore
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June 21, 2025, 11:23 AM - 3 min read
India’s net direct tax collection dipped to ₹4.59 lakh crore in the first quarter of FY26, dragged by slowing corporate tax and muted advance tax inflows. Though personal income tax held steady and STT posted growth, the government’s fiscal watchers are likely to remain cautious ahead of the upcoming budget.
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April 26, 2025, 04:06 PM - 4 min read
The provisional net direct tax collection for the 2024-25 financial year has successfully met its target, growing by 13.57 per cent to over ₹22.26 lakh crore, official data revealed on Friday. The figures also showed that the income tax department issued the highest-ever amount of refunds during the fiscal.
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March 18, 2025, 04:07 PM - 4 min read
India’s direct tax collections have continued to show strong growth, with net receipts reaching ₹21.26 trillion so far this fiscal year. This represents 95 pc of the government’s revised full-year target, the Income Tax Department announced on Monday, following the final advance tax instalment deadline.
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February 12, 2025, 10:35 AM - 2 min read
India’s direct tax collections have surged 19.06 per cent YoY to Rs 21.88 lakh crore as of 10 February 2025, driven by higher corporate and non-corporate tax revenues. Securities transaction tax receipts also saw a sharp rise, contributing to the overall growth in tax collections, strengthening fiscal health.
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February 1, 2025, 03:46 PM - 4 min read
Finance Minister Nirmala Sitharaman has proposed raising the tax collection targets for FY26, aiming for ₹42.70 lakh crore in gross tax revenue, up 11% from FY25. Direct taxes are set to rise to ₹25.20 lakh crore, while indirect taxes will increase to ₹17.50 lakh crore. Despite offering tax relief for the middle class, the government expects higher collections from income and corporate taxes.
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November 18, 2024, 02:49 PM - 2 min read
The government will exceed the Rs 22.07 lakh crore direct tax collection target set for the current fiscal, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal said on Monday.
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October 17, 2024, 05:13 PM - 2 min read
The latest 'Time Series Data' released by the income tax department showed that direct tax collections have surged 182 percent to over Rs 19.60 lakh crore in 2023-24 in the 10-year period.
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