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India Confident of Meeting ₹25.2 Lakh Crore Tax Collection Target
17 Nov
Summary
- India's direct tax collection rose 7% year-on-year to ₹12.9 lakh crore
- Tax authority chairman says India is confident of meeting annual target
- Tax collection period covers April 1 to November 10, 2025
India's direct tax collection has seen a strong rebound, with the country's tax authority confident of meeting its annual target of ₹25.2 lakh crore ($284.39 billion). According to Ravi Agrawal, the chairman of the Central Board of Direct Taxes, India's net direct tax collection rose 7% year-on-year to ₹12.9 lakh crore in the period from April 1 to November 10, 2025.
The positive tax collection figures suggest that India's economy is on a steady recovery path following the challenges of the past few years. The government's efforts to streamline the tax system and crack down on evasion appear to be paying off, as more businesses and individuals comply with their tax obligations.
With over two-thirds of the fiscal year still remaining, the tax authority remains confident that it can achieve the ambitious ₹25.2 lakh crore target set for 2025-26. This would mark a significant milestone for the Indian government, as it seeks to bolster its revenue streams and fund critical infrastructure and social welfare programs.
