Direct Tax Collection in FY25 (So Far)

• Income Tax : ₹8.7 Lakh Crore - ⬆️ 21.6%
• Corporate Tax : ₹7.7 Lakh Crore - ⬆️ 8.1%
• STT : ₹44,538 Crore - ⬆️ 75%

Individuals pay more than Corporates. Discussions have emerged regarding tax reforms, including proposals for zero tax on incomes up to Rs 15 lakh, a marginal relief rate of 30%, and the elimination of cess and surcharges.

Good if it happens. Unlikely.

The government seems to be collecting record amount of taxes, bleeding or milking the system. YET… where is it being deployed?

The increasing tax burden, is starting to see its affect on consumer spending, and consequently lowering demand, and lowering inflation.

But with lower spending, corporates will not spend on CAPEX.