Net Direct Tax collection in FY 24-25 shows 13.57% growth than last year with increase from Rs. 19,60,166 in FY 23-24 to Rs. 22,26,231 in FY 24-25
CA Pratibha Goyal | Apr 25, 2025 |
The Income tax collection has shown a Strong Overall Growth in FY 2024-25. The gross direct tax collection in FY 24-25 has grown by 15.59%, while the net collection has risen by 13.57%, showing healthy revenue expansion. Total Net collection in FY 24-25 was Rs. 22,26,231 and in FY 23-24 was Rs. 19,60,166.
Refund Outflows Are Up
Refunds have increased substantially (by 26.04%), especially in Corporate Tax, which may be attributed to higher advance tax payments or assessments.
Non-Corporate Tax is Leading:
The Non-Corporate Tax (NCT) category has shown stronger growth (+17.57%) than Corporate Tax, possibly indicating stronger compliance or income growth among individuals and non-corporate entities.
Securities Transaction Tax Surge:
The Securities Transaction Tax has seen a remarkable +55.91% jump, which could reflect higher trading volumes or increased market participation.
However notable decline (-17.26%) has been seen in “Other Taxes,” which might be due to policy shifts, reduced surcharge/cess collections, or structural changes in classification.
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