Overview

• Gross direct tax collections for FY25 rose 15.59% year-on-year to ₹27.02 lakh crore, driven by corporate, non-corporate, and securities transaction tax revenues.
• Net collections stood at ₹22.26 lakh crore, reflecting a 13.57% increase year-on-year but falling ₹9,000 crore short of the revised estimate of ₹22.42 lakh crore.
• Corporate tax collections reached ₹9.86 lakh crore, while non-corporate tax collections totaled ₹11.82 lakh crore, with securities transaction tax (STT) contributing ₹53,296 crore.
• A record ₹4.76 lakh crore in refunds, up 26.04% from the previous fiscal year, impacted net revenue growth.
• Tax buoyancy improved to 1.57 in FY25, indicating stronger direct tax growth relative to nominal GDP expansion of 9.9%.