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Centre’s net direct tax collection grows 21% so far in FY25

The Central government has so far this year collected Rs.4.62 trillion in direct taxes after adjusting for refunds, marking a

Government’s net direct tax collections, after adjusting for refunds, grew 17.7 per cent year-on-year to Rs 19.58 lakh crore in

Around 44 lakh e-mails were sent to taxpayers in December for mismatches between their declared income and financial transactions based

The income tax (I-T) department said that the net direct tax collection so far this fiscal jumped 19.41 per cent

Gross direct tax receipts totalled Rs 11.1 lakh crore up to October 9, 2023 – nearly 18% higher than the

Net direct tax collection grew 23.51 per cent to over Rs 8.65 lakh crore till mid-September, on higher advance tax

India’s gross direct tax collection increased 173 per cent to over Rs 19.68 lakh crore in 10 years to 2022-23.

Collections from direct taxes in the April-August period touched Rs. 4.80 lakh crore, marking about 33 per cent growth over

Reflecting an uptick in economy, net direct tax collections between April and mid-June jumped 45 per cent to over Rs

The revenue department is considering the setting up of a ruling authority like the Advance Pricing Agreement (APA) or Dispute