As of December 17, gross direct tax revenue for 2024–25 had increased by 20.32% year over year to ₹19.21 lakh crore.
Higher refunds of ₹3.39 lakh crore contributed to a 16.45% increase in net collection in 2024–25 as on December 17 to ₹15.82 lakh crore.
As of December 17, 2024, gross corporate tax revenue for FY 2024–25 was ₹9,24,693 crore, representing an annual growth of 16.92%.
As of December 17, 2023, corporate refunds increased 70.32% to ₹1,82,086 crore from ₹1,06,904 crore in FY2024.
Compared to ₹7,81,737 crore in the same period previous year, gross non-corporate tax increased by just over 22% to ₹9,53,871 crore in 2024–25 (up to December 17).
Individual income tax revenue is primarily included in gross non-corporate tax.
In 2024–2025, the tax department issued refunds of ₹1,56,792 crore.
Compared to the ₹1,30,901 crore that was reimbursed during the same period previous year, this represents a rise of almost 19.78%.
As of December 17, 2024–2025, the net non-corporate tax had increased 22.47% to ₹7,97,080 crore.
Compared to November 2023, when gross GST income stood at ₹1,67,929 crore, November 2024 saw an 8.5% increase to ₹1,82,269 crore.
After refunds, net collection increased by 11.1% to ₹1,63,010 crore from ₹1,46,786 crore.
