♦ India’s net direct tax collection, comprising corporate tax and personal income tax, increased by 14.69% to cross Rs.17.78 lakh crore as of February 10 in the current financial year (2024-25), compared to Rs.15.51 lakh crore in the same period of 2023-24, according to data released by the Central Board of Direct Taxes (CBDT) on 11 February 2025. 

♦ The gross direct tax revenue surged by 19.06% to exceed Rs.21.88 lakh crore, up from Rs.18.38 lakh crore in the corresponding period of the previous year (2023-24).

♦ Revenue from net non-corporate taxes, primarily personal income tax, grew by 21% year-on-year to Rs.9.48 lakh crore during this period.

♦ Meanwhile, net corporate tax collection rose by over 6% to more than Rs.7.78 lakh crore between April 1, 2024, and February 10, 2025.