Direct taxes grow faster than budget estimate so far in FY25
Mint Bangalore|December 19, 2024
Kitty swells 16.45% against full-year budget target of 13% to ₹15.8 tn so far this fiscal
Gireesh Chandra Prasad & Nikita Prasad

The Centre's direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate.

While non-corporate tax collection from individuals and other entities like partnerships and local authorities, adjusting for refunds, recorded a 22% jump so far in FY25 to ₹17.97 trillion, the same from corporations improved 8.6% to ₹7.42 trillion, the income tax department said on Wednesday citing revenue figures up to 17 December.

Before adjusting for refunds, corporate tax collections rose 17% annually.

هذه القصة مأخوذة من طبعة December 19, 2024 من Mint Bangalore.

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 Mint Bangalore.

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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