New Delhi, April 3 -- India's direct tax collections have witnessed a remarkable upswing, underscoring its strong economic growth, improved compliance and better tax administration. With income tax collections scaling new highs, the latest data reaffirms the resilience of our tax base.

Personal income tax receipts have surged at a compounded annual rate of 22.8% to Rs.12.57 trillion in 2024-25 from Rs.8.33 trillion in 2022-23. This was driven by higher compliance, enhanced use of technology and more sophisticated data-collection mechanisms. Despite cuts in tax rates and substantial refunds, corporate-tax receipts have also shown steady growth, rising a compounded annual 9% to Rs.9.8 trillion in 2024-25 from two years ago. As a result, di...