Net direct tax collection of Government of India increased by 16.45%: ₹15.82 lakh crore so far in FY-25, tax refund of ₹3.39 lakh crore issued

The net direct tax collection of the Government of India increased by about 16.45% on an annual basis between April 1 and December 17 (FY 2024-25) to Rs 15.82 lakh crore. The Finance Ministry released provisional data today (December 18) and gave this information.

The Central Board of Direct Taxes (CBDT) said that gross direct tax collection increased by more than 20.32% year-on-year to Rs 19.21 lakh crore. Gross direct tax means tax collection before refund.

Difference between direct and indirect tax?

The tax which is collected directly from the common man is called direct tax. Direct taxes include corporate and personal income tax. Tax imposed on shares or other assets is also called direct tax. The tax which is not taken directly from the general public, but is also collected from the general public, is called indirect tax. This includes excise duty, custom duty, GST.

Earlier there were many types of indirect taxes in the country. But from July 1, 2017, all types of indirect taxes have been included in GST. However, taxes on petroleum products and liquor have currently been kept out of the purview of GST. Tax collection is considered to reflect economic activities in any country. Direct tax collection in India has been good this year.