27-April-2025
Economy News
 
Net direct tax mopup in FY25 hit Rs 22.26 trillion, shows govt data
26-Apr-2025

The provisional net direct tax collection for the financial year 2024-25 marginally fell short of the revised target, growing 13.57 per cent to Rs 22.26 trillion, data released by the finance ministry on Friday showed. The net direct tax collection in FY24 was Rs 19.60 trillion. The government had set a target of Rs 22.07 trillion according to the Budget presented in July 2024, It was revised to Rs 22.37 trillion in the Budget presented this February. The marginal dip in the collections was on the back of decrease in collection of "other taxes" while corporate and non-corporate tax collections were almost on the mark.

News Source:- https://www.business-standard.com/economy/news/net-direct-tax-collections-in-fy25-fall-short-of-revised-target-govt-data-125042501564_1.html