India’s Net Direct Tax Collection Rises 13.1% To Rs 21.27 Lakh Crore So Far in FY25; Details Here

India’s net direct tax collection rose 13.1% to Rs 21.27 lakh crore in the current financial year so far, according to the latest data released by the government on March 17.

According to the Central Board of Direct Taxes (CBDT), net corporate tax collections between April 1, 2024, and March 16, 2025, amounted to Rs 9.69 lakh crore, up from Rs 9.05 lakh crore in the corresponding period last year.

Net non-corporate tax collections, primarily from personal income tax, stood at Rs 11.01 lakh crore.

Revenue from the Securities Transaction Tax (STT) also saw a significant increase, reaching Rs 53,095 crore, compared to Rs 34,131 crore in the previous year.

Refunds and Gross Collections

The government issued refunds worth Rs 4.6 lakh crore, marking a 32.51 per cent increase over the previous year. Meanwhile, gross direct tax collections between April 1 and January 12 grew 16.2 per cent, reaching Rs 25.87 lakh crore.

Budgeted Direct Tax Target

For the current fiscal, the government has set a direct tax collection target of Rs 22.07 lakh crore,

which includes:

Corporate tax: Rs 10.2 lakh crore

Personal income tax & other taxes: Rs 11.87 lakh crore.