Direct Tax & Advance Tax collections for FY 2024-25
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Data on Direct Tax (DT) collections and Advance Tax collections for FY 2024-25 as on 12.01.2025 has been released.
Direct Tax Collections (FY26 up to Sept 17, 2025)
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Net Direct Tax Revenue: INR 10.82 lakh crore (+9.18% YoY)
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Gross Tax Collection: INR 12.43 lakh crore (+3.39% YoY)
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Corporate Tax: INR 4.72 lakh crore
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Non-Corporate Tax: INR 5.83 lakh crore
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Securities Transaction Tax (STT): INR 26,000 crore
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Other Taxes: INR 291 crore
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Refunds:INR 1.60 lakh crore (-23.87% YoY)
Advance Tax (part of gross collections)
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Total: INR 4.48 lakh crore (+2.90% YoY)
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Corporate Tax: INR 3.52 lakh crore (+6.11%)
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Non-Corporate Tax: INR 96,700 crore (-7.30%)
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Data on Gross Direct Tax collections, Refunds, Net Direct Tax collections & Advance Tax collections for FY 2025-26 as on 17.12.2025 has been released.
Direct Tax Collections
| Category | FY 2024-25 | FY 2025-26 | % Growth |
|---|---|---|---|
| Gross Collection | INR 19,21,941.93 | INR 20,01,794.23 | 4.16% |
| Refunds | INR 3,43,499.23 | IN 2,97,069.42 | -13.52% |
| Net Collection | INR 15,78,442.71 | INR 17,04,725.21 | 8.00% |
Breakdown by Tax Type (FY 2025-26):
- Corporate Tax (CT): ₹9,94,587.92
- Non-Corporate Tax (NCT): ₹9,66,683.60
- Securities Transaction Tax (STT): ₹49,177.97
- Other Taxes (OT): ₹338.57
Advance Tax Collections
| Category | FY 2024-25 | FY 2025-26 | % Growth |
|---|---|---|---|
| Corporate Tax | INR 5,62,422.18 | INR 6,07,299.99 | 7.98% |
| Non-Corporate Tax | INR 1,93,656.40 | INR 1,81,087.93 | -6.49% |
| Total | INR 7,56,078.58 | INR 7,88,387.92 | 4.27% |
- Overall Direct Tax Growth: 4.16% in gross collections; net collections up by 8% due to lower refunds.
- Corporate Tax Driving Growth: Corporate advance tax is up 7.98%, while non-corporate advance tax declined 6.49%.
- Refunds Down: A significant drop in refunds (-13.52%) indicates tighter processing or fewer excess payments.
- Non-Corporate Segment Weakness: Despite overall growth, non-corporate advance tax fell, signaling stress among small businesses or professionals.