Last year during the same period the net direct tax collection was Rs 4,80,458 crore. This represents a notable growth in direct tax collections over the one-year period.
Moreover, the total refunds issued in FY 202425 amounted to Rs 70,902 crore, which represents a significant surge of 64.49 percent compared to the previous year. In FY 2023-24, the total tax refunds issued by the government were Rs 43,105 crore. The increase in tax refunds highlights the government’s efficiency in processing claims and providing timely relief to taxpayers.
This story is from the July 14, 2024 edition of The Business Guardian.
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This story is from the July 14, 2024 edition of The Business Guardian.
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