<h1>Tax Collections Hit 13.57% Growth, Surpass Rs 22.26 Lakh Crore Despite Record High Refunds of Rs 4.76 Lakh Crore</h1> Government tax collection for 2024-25 fiscal narrowly missed its target, reaching Rs 22.26 lakh crore with a 13.57% growth. The achievement came despite issuing record high refunds of Rs 4.76 lakh crore, representing a 26.04% increase from the previous year. Corporate and non-corporate tax collections showed growth, with net corporate tax at Rs 9.86 lakh crore and non-corporate tax at Rs 11.82 lakh crore. The tax buoyancy factor was 1.57, slightly higher than the previous fiscal.