Tag: Direct Taxes

India’s direct tax collections for the financial year 2024-25 have recorded a significant upswing, with net collections reaching Rs 22.26 lakh crore as of March 31, 2025, according to provisional data released by the Central Board of Direct Taxes (CBDT). This marks a 13.57% growth over the previous fiscal’s net …

The top five industrial states of India – Maharashtra, Karnataka, Delhi, Tamil Nadu and Gujarat collectively contributed more than 72% of the direct taxes and 53% of Central GST in FY 2023-24, according to data tabled in Parliament on Monday. Meanwhile, less developed states like Uttar …