Direct tax mopup rises 16% to Rs 16.9 lakh crore in FY25 so far

Net direct tax collection in India has increased by 15.88% year-on-year to approximately ₹16.90 lakh crore by January 12 this fiscal year. The collection from personal income tax exceeded ₹8.74 lakh crore, while corporate tax collection was around ₹7.68 lakh crore. The government has projected total direct tax revenue of ₹22.07 lakh crore for this fiscal year.