Direct tax collection in 2024-25 inflation 20.3% to Rs 19.2 lakh crore

New Delhi [India], Dec 18 (ANI): Gross direct tax collection by the government so far in 2024-25 rose 20.32 percent year-on-year to Rs 19.21 lakh crore, according to data released by the Central Board of Direct Taxes (CBDT) on Wednesday.

The gross tax collection during the same period last year was Rs 15.96 lakh crore.

Talking about net direct tax collection, it rose 16.45 percent to Rs 15.82 lakh crore from Rs 13.59 lakh crore in the same period a year ago.

Refunds for this period rose 42.49 per cent to Rs 3.38 lakh crore from Rs 2.37 lakh crore in the same period a year ago.

Direct taxes generally include corporate tax, personal income tax, securities transaction tax, equalization duty, fringe benefits tax, wealth tax, banking cash transaction tax, hotel receipt tax, interest tax, expenditure tax, estate duty and gift tax.

By Priyanka Roy