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flag India's direct tax collection saw a significant boost in 2024, rising 16.45% to ₹15.82 lakh crore.

flag India's net direct tax collection rose by 16.45% to ₹15.82 lakh crore by December 17, 2024, mainly due to higher advance tax payments and refunds. flag Gross direct tax collections increased by 20.32% to ₹19.21 lakh crore, including corporate tax, personal income tax, and securities transaction tax. flag Refunds increased by 42.49% to ₹3.39 lakh crore. flag This growth reflects improved compliance and economic recovery.

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