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Hiral Jain

Content writerย โ€ขย 5m

In the financial year 2025, the direct tax revenue has hit an impressive โ‚น16.9 lakh crore! Hereโ€™s the breakdown: - Personal tax contributes โ‚น8.7 lakh crore - Corporate tax is at an astounding โ‚น27.7 lakh crore - Securities transaction tax stands at โ‚น44,538 crore Altogether, the total gross collections amount to โ‚น20.6 lakh crore. And thatโ€™s just from direct taxesโ€”imagine the numbers if we factor in indirect taxes! Now, as we look ahead to the February Budget, the middle class is eagerly hoping for some much-needed reliefโ€”higher exemptions and lower tax rates would be a welcome change. But the burning question remains: Will this year be any different? Letโ€™s keep our fingers crossed!

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