Net direct tax collection rises 16 pc to Rs 16.90 lk cr for current fiscal year

Net direct tax collections in India from April 1, 2024, to January 12, 2025, reached Rs 16.90 lakh crore, reflecting a 16% growth year-on-year. Gross direct tax collections saw nearly 20% growth. Corporate tax and non-corporate tax collections showed steady and strong momentum, respectively. Refunds issued grew significantly during this period.