<h1>Direct Tax Collections Surge 22% in FY 2024-25, Advance Tax Up 27%, Refunds Increase by 34% Compared to Last Year.</h1> Gross direct tax collections for the financial year 2024-25 have grown by 22.19%, reaching Rs. 5,15,986 crore, compared to Rs. 4,22,295 crore in the previous year. Net direct tax collections have increased by 20.99%, totaling Rs. 4,62,664 crore. This includes Rs. 1,80,949 crore from corporation tax and Rs. 2,81,013 crore from personal income tax. Advance tax collections have risen by 27.34% to Rs. 1,48,823 crore. Refunds issued amount to Rs. 53,322 crore, which is 33.70% higher than the previous year.