Net Direct Tax collection in FY 24-25 shows 13.57% growth than last year:

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.