In the financial year 2025, the direct tax revenue has hit an impressive ₹16.9 lakh crore! Here’s the breakdown:
- Personal tax contributes ₹8.7 lakh crore
- Corporate tax is at an astounding ₹27.7 lakh crore
- Securities transaction tax stands at ₹
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Tarun Suthar
•
The Institute of Chartered Accountants of India • 1m
Govt earns Revenue around 19%from Income tax, 17%from corporate tax and 18%from GST.
total 54% tax rate combining direct and indirect. rest from other sources.
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Hiral Jain
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Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
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Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. International travel is the biggest expense.
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