Overview

• Gross direct tax collections rose 15.59% year-on-year to Rs 27.02 lakh crore in FY25, driven by corporate, non-corporate, and securities transaction tax gains.
• Net direct tax collections, after accounting for Rs 4.76 lakh crore in refunds, increased 13.57% to Rs 22.26 lakh crore but fell 0.7% short of the revised estimate of Rs 22.42 lakh crore.
• Corporate tax collections reached Rs 12.72 lakh crore, surpassing revised estimates despite a 29% rise in corporate refunds.
• Securities transaction tax collections surged 56% year-on-year to Rs 53,296 crore, reflecting strong equity market activity.
• Direct tax buoyancy stood at 1.37, as collection growth outpaced nominal GDP expansion of 9.9%, highlighting robust revenue responsiveness.