Categories: Income Tax

Direct Tax & Advance Tax collections for FY 2024-25

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)

  • Net Direct Tax Revenue: INR 10.82 lakh crore (+9.18% YoY)

  • Gross Tax Collection: INR 12.43 lakh crore (+3.39% YoY)

    • Corporate Tax: INR 4.72 lakh crore

    • Non-Corporate Tax: INR 5.83 lakh crore

    • Securities Transaction Tax (STT): INR 26,000 crore

    • Other Taxes: INR 291 crore

  • Refunds:INR  1.60 lakh crore (-23.87% YoY)

Advance Tax (part of gross collections)

  • Total: INR 4.48 lakh crore (+2.90% YoY)

    • Corporate Tax: INR 3.52 lakh crore (+6.11%)

    • Non-Corporate Tax: INR 96,700 crore (-7.30%)

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.
Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Recent Posts

Income Tax proposals in the budget for 2026 at a glance

Income tax proposals in the budget for 2026 at a glance: The Finance Minister, Smt. Nirmala Sitharaman has presented the… Read More

2 days ago

Overview of Practical Challenges in GST Filing

Overview of Practical Challenges in GST Filing Goods and Services Tax filing is not merely a procedural exercise of uploading… Read More

5 days ago

Family Pension: Meaning, Eligibility, Rules, Taxation

Family Pension: Meaning, Eligibility, Rules, Taxation  Financial security is essential at every stage of life. While individuals build a retirement… Read More

1 week ago

CA FIRM SOP ON ADVERTISING, BRANDING & PROMOTION

ICAI ISSUES NEW CODE OF ETHICS FOR CA FIRM : SOP ON ADVERTISING, BRANDING & PROMOTION : EFFECTIVE 1 APRIL… Read More

1 week ago

Registered Non-Profit Organisation under Income-tax Act 2025

What is an Registered Non-Profit Organisation under the Income-tax Act, 2025? A Registered Non-Profit Organization (RNPO) is a new, unified… Read More

1 week ago

Grounds of Cancellation of Registration U/s 12AB

Cancellation of Registration U/s 12AB – Statutory Grounds for Cancellation Consequences Registration under Section 12AB remains valid until its expiry… Read More

1 week ago
Call Us Enquire Now