Net direct tax kitty grows 16% on corporate refunds
Hindustan Times Chandigarh|December 19, 2024
Gross direct tax collection in 2024-25 (as on December 17) saw 20.32% year-on-year (y-o-y) jump to ₹19.21 lakh crore, but net collection in the period saw 16.45% increase at ₹15.82 lakh crore on higher refunds of ₹3.39 lakh crore, particularly on account of corporates, government data said.
Rajeev Jayaswal

NEW DELHI:

Gross corporate tax (CT) collection in the current financial year (as on December 17, 2024) posted 16.92% annualised growth to ₹9,24,693 crore, but net saw only 8.57% y-o-y increase because of higher refunds. Refunds to corporates jumped 70.32% to ₹1,82,086 crore as compared to ₹1,06,904 crore in FY24 (as on December 17, 2023), according to data released on Wednesday.

هذه القصة مأخوذة من طبعة December 19, 2024 من Hindustan Times Chandigarh.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 19, 2024 من Hindustan Times Chandigarh.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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