Direct tax collections for the financial year 2024-25, as of March 31, 2025, show a net collection of ₹22,26,231 crore. This represents a 13.57% increase compared to the net collection of ₹19,60,166 crore in the previous financial year (2023-24). Gross collections reached ₹27,02,974 crore, a 15.59% rise. Corporate tax net collections were ₹9,86,719 crore, and non-corporate tax net collections were ₹11,82,875 crore. Securities Transaction Tax (STT) collections reached ₹53,296 crore. Total refunds issued amounted to ₹4,76,743 crore, a 26.04% increase from the previous year’s ₹3,78,255 crore. Other taxes contributed ₹3,341 crore. These figures are provisional and subject to final adjustments.
Direct Tax Collections for F.Y. 2024-25 as on 31.03.2025
(Rs. In Crore)
FY 2023-24 (as on 31.03.2024) | FY 2024-25 (as on 31.03.2025)** | Percentage growth | |||||||||
Corporate Tax (CT) | Non*- | Securities | Other taxes (OT) | Total | Corporate | Non*- | Securities | Other | Total | Total | |
Gross Collection | 11,31,958 | 11,68,204 | 34,192 | 4,068 | 23,38,421 | 12,72,516 | 13,73,797 | 53,296 | 3,366 | 27,02,974 | 15.59% |
Refunds | 2,20,903 | 1,57,256 | – | 96 | 3,78,255 | 2,85,796 | 1,90,922 | – | 25 | 4,76,743 | 26.04% |
Net Collection | 9,11,055 | 10,10,948 | 34,192 | 3,972 | 19,60,166 | 9,86,719 | 11,82,875 | 53,296 | 3,341 | 22,26,231 | 13.57% |
Source: Pr.CCA (CBDT)
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
** Provisional figures
Source: www.taxguru.in