Net direct tax kitty swells 13% to Rs 21.27 lakh crore so far in FY25, STT collections rise 55%

Net direct tax kitty swells 13% to Rs 21.27 lakh crore so far in FY25

The net direct tax collection grew 13.1% to about Rs 21.27 lakh crore so far this fiscal, according to government data released on March 17.

As per the data by the Central Board of Direct Taxes (CBDT), the net corporate tax collection between April 1, 2024, and March 16, 2025, was Rs 9.69 lakh crore as compared to Rs 9.05 lakh crore in the year-ago period.

Mop-up from net non-corporate taxes, which include mainly personal income tax, stood at Rs 11.01 lakh crore.

Net collections from securities transaction tax (STT) stood at Rs 53,095 crore so far this fiscal as against Rs 34,131 crore in the year-ago period.

Refunds worth over Rs 4.6 lakh crore were issued during the period, a 32.51% increase over the year-ago period.

Gross direct tax mop up between April 1 and January 12 grew 16.2% to Rs 25.87 lakh crore.

The government has budgeted to collect Rs 22.07 lakh crore in the current fiscal from direct taxes.

This includes Corporate tax collection of Rs 10.2 lakh crore, personal income tax and other taxes of Rs 11.87 lakh crore.