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India's direct tax collections for the financial year 2024-25 have recorded a significant upswing, with net collections reaching Rs 22.26 lakh crore as of March 31, 2025, according to provisional data released by the Central Board of Direct Taxes (CBDT). This marks a 13.57% growth over the previous
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FAQ :
The net direct tax collection for FY 2024-25 reached Rs 22.26 lakh crore as of March 31, 2025.
Direct tax collections saw a growth of 13.57% in FY 2024-25 compared to the previous fiscal year.
Corporate tax collections increased from Rs 9.11 lakh crore to Rs 9.87 lakh crore in FY 2024-25.
Non-corporate tax collections, mainly personal income tax, rose from Rs 10.10 lakh crore to Rs 11.82 lakh crore in FY 2024-25.
Yes, Rs 4.76 lakh crore in refunds were issued in FY 2024-25, which is a 26.04% increase from the previous year.
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