No changes in tax rates for direct, indirect taxes: FM

New Delhi: Finance Minister Nirmala Sitharaman Thursday said there are no changes in tax rates for direct and indirect taxes, including import duties.

Presenting Interim Budget for Fianancial Year 2024-25, she also said the number of tax filers has swollen 2.4 times and the direct tax collection has trebled since 2014.

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The processing time of tax returns has been reduced from 93 days in FY14 to 10 days; and refunds have been made faster, she said.

The government continues to be on the path of fiscal consolidation to reduce fiscal deficit to 4.5 per cent in 2025-26.

She added that the tax base of Goods and Services Tax (GST) has more than doubled since FY14.

PTI