India’s net direct tax collections rose 16.5%, reaching ₹15.82 lakh crore by December 17, 2024. Non-corporate taxes (individuals, HUFs, e...
India’s net direct tax collections rose 16.5%, reaching ₹15.82 lakh crore by December 17, 2024.
Non-corporate taxes (individuals, HUFs, etc.) grew 22.5%, surpassing corporate taxes, which grew 8.6%.
Overall gross tax receipts grew by 20.3%, crossing ₹19.21 lakh crore.
Securities Transaction Tax (STT) receipts saw a sharp 85.5% increase, reaching over ₹40,100 crore.
Total refunds rose by 42.5% to ₹3.39 lakh crore; corporate tax refunds surged 70.3%.
Advance tax collections grew 20.9% to ₹7.56 lakh crore, with non-corporate taxes increasing by 35%.
Other taxes like Equalization Levy and Wealth Tax increased by just 5.9%.
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