Head of the presentation of the FY26 Budget in February, government sources said they not only expect to meet the ₹22 trillion gross direct tax collection target for FY25, but also exceed it given the robust trend so far.
"Gross collections have not come down. It is because of higher refunds that net collections have slowed down. The way the economy is doing and the collections are growing, we are hopeful that we will not only meet the target but also exceed it," the source said.
This story is from the November 14, 2024 edition of Business Standard.
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This story is from the November 14, 2024 edition of Business Standard.
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