EPFO adds 17.89 lakh members in January; female members spike by 13.48%
The Employees' Provident Fund Organisation (EPFO) on Thursday released provisional payroll data for January 2025, revealing a net addition of 17.89 lakh members.
The net direct tax collections for this fiscal year so far have recorded robust growth, rising by 16.45% year-on-year to over Rs 15.82 lakh crore, according to the latest government data.
The gross direct tax collections surged to Rs 19.21 lakh crore, marking a robust growth of 20.32% over the same period last fiscal, the data said.
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Further, it highlighted that the Refunds issued during this period stood at Rs 3,38 lakh crore, an increase of 42.49%.
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The Central Board of Direct Taxes (CBDT) said net direct tax collection of Rs 15.82 lakh crore till December 17 includes corporate tax at Rs 7.42 lakh crore (net of refund), non-corporate tax at Rs 7.97 lakh crore and securities transaction tax at Rs 40,114 crore (net of refund).
It said the total advance tax collection, including corporate and non-corporate tax, grew 20.9% at Rs 7.56 lakh crore from the previous fiscal.
While the non-corporate tax collection grew 35% growth in advance tax, corporate tax grew by only 16.71%.
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