India's net direct tax collection jumps 19.54% this fiscal year till July 11

India's net direct tax collection increased by 19.54% in FY25 to Rs 5.74 lakh crore, compared to Rs 4.80 lakh crore in FY24. Total refunds issued in FY 2024-25 reached Rs 70,902 crore, a 64.49 per cent increase. The total gross direct tax collection rose by 23.24 per cent to Rs 6,45,259 crore. Direct tax categories such as corporate tax, income tax, and securities tax also saw impressive growth rates.