Tax Collection: According to government data released on March 17 today, the net direct tax collection in this financial year is increasing by 13.1 percent to about Rs 21.27 lakh crore. According to data from the Central Board of Direct Taxes (CBDT), the net corporate tax collection was Rs 9.69 lakh crore between April 1, 2024 to 16 March 2025, compared to Rs 9.05 lakh crore in the same period a year ago. The amount received from pure non-corporate taxes has been Rs 11.01 lakh crore. This mainly includes individual income tax. Net collection from the Currentity Transaction Tax (STT) has so far stood at Rs 53,095 crore in this financial year. While the previous mother -in -law was Rs 34,131 crore in the same period. A refund of more than Rs 4.6 lakh crore was released during this period, which is 32.51 percent more than the same period last year. Gros direct tax collection increased by 16.2 per cent to Rs 25.87 lakh crore between April 1 and 12. Market Outlook: The market closed with an increase, know how the tricky news can be on March 18, the newskorkar has targeted to raise Rs 22.07 lakh crore from direct tax in the current financial year. This includes a corporate tax collection of Rs 10.2 lakh crore, personal income tax of Rs 11.87 lakh crore and other tax collection. It is expected that a strong tax collection will help the central government to meet the target of this year’s fiscal deficit, which is 4.9 percent of GDP. This will help the government to create its speed of fiscal Kansolidesh. The Center has targeted to keep the fiscal deficit within 4.5 per cent of the GDP in FY 2026. December Month, CBDT launched an electronic campaign, in which taxpayers were motivated to correct the discriminations between transactions described by third points and transactions in their income tax returns. This campaign also targeted those who have a taxable income or who have done a lot of high value transactions, but have not filed tax returns. The collection or deduction of taxes at the widespread use of technology, data collection and tax on source is helping the tax department to increase tax collection.
