Direct Tax Collections for F.Y. 2024-25 as on 16.03.2025

• 16 Mar 2025
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India’s direct tax collections have witnessed a robust growth of 16.15% year-on-year, reaching ₹25.86 lakh crore as of March 16, according to the latest data from the Central Board of Direct Taxes (CBDT).

What’s driving this surge? Higher corporate and non-corporate tax revenues and a significant jump in Securities Transaction Tax (STT) collections have played a major role in boosting the numbers.

Breakdown of the Growth:

Corporate Tax Collections: ₹12.40 lakh crore (up from ₹10.1 lakh crore last year)
Non-Corporate Tax Collections: ₹12.90 lakh crore (up from ₹10.91 lakh crore last year)
Securities Transaction Tax (STT): ₹53,095 crore (a sharp rise from ₹34,131 crore)

While most tax revenues showed an upward trend, wealth tax collections saw a slight dip, declining from ₹3,656 crore to ₹3,399 crore.

What Happens After Refunds?

The government also processed a 32.51% increase in tax refunds, amounting to ₹4.6 lakh crore. After adjusting for these refunds, the net direct tax collection stood at ₹21.26 lakh crore—marking a solid 13.13% increase compared to ₹18.8 lakh crore in the same period last year.

Why Does This Matter?

This surge in tax collections is a positive indicator for India’s economy. Here’s why:

Stronger fiscal health – With higher revenue, the government can reduce its reliance on borrowing.
More funds for development – Increased tax collections allow greater public spending on infrastructure, social welfare, and key sectors.
Economic resilience – Despite global uncertainties, these numbers show that India’s economy remains strong and growing.

This upward trend in tax revenue is not just about numbers—it’s a reflection of India’s economic progress and stability. As tax collections grow, so do opportunities for better infrastructure, enhanced public services, and a stronger future for all.

Source: Income Tax Department