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FY25 Net Direct Tax Collection Hits ₹22.26 Trillion

26 April 20251 min read
ECONOMYFY25 Net DirectTax Collection Hits₹22.26 Trillion26 April 2025safalsetu.com

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.
ComponentFY25Growth
Corporation tax₹9.87 trillion8.31%
Non-corporation tax₹11.83 trillion17.01%
STT₹53,296 crore55.87%
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.

Test yourself

1. What was India's provisional net direct tax collection in FY25?

Provisional collection was ₹22.26 trillion, up 13.57%.

2. Which component grew the fastest in FY25 direct tax collections?

STT surged 55.87%.

3. How is tax buoyancy defined in the notes?

It is the ratio of direct tax growth to GDP growth; 1.57 in FY25.