FY25 Net Direct Tax Collection Hits ₹22.26 Trillion
Why in the news
Finance ministry data showed FY25 direct tax receipts narrowly missing the revised goal set in February 2025, though growth stayed strong.
Key facts
- Net direct tax: ₹22.26 trillion, up 13.57% from ₹19.60 trillion; revised target ₹22.37 trillion.
- Tax buoyancy (direct tax growth relative to GDP growth): 1.57 versus 1.54.
- Final numbers may rise as reconciliations continue.
| Component | FY25 | Growth |
|---|---|---|
| Corporation tax | ₹9.87 trillion | 8.31% |
| Non-corporation tax | ₹11.83 trillion | 17.01% |
| STT | ₹53,296 crore | 55.87% |
| Other taxes | ₹3,341 crore | -15.89% |
Significance
- Strong non-corporate growth and the STT jump suggest a broader taxpayer base and busier markets.
Exam angle
- Fastest-growing component: STT.
- Non-corporation tax covers individuals, HUFs and firms.