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Direct tax collections surge 15.6% to Rs 27 lakh crore in 2024-25
The Sunday Guardian
|April 27, 2025
India's direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 lakh crore in the financial year 2024-25, data released by the Central Board of Direct Taxes (CBDT) showed.
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In 2023-24, it was Rs 23.38 lakh crore.
This rise in collections is attributed to higher corporate and non-corporate tax revenues, as well as a significant surge in securities transaction tax (STT) receipts.
Corporate tax collections rose to Rs 12.72 lakh crore, up from Rs 11.31 lakh crore in the previous fiscal.
The Non-corporate tax collections surged to Rs 13.73 crore from Rs 11.68 lakh crore last fiscal year.
This story is from the April 27, 2025 edition of The Sunday Guardian.
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