New Delhi, Feb. 12 -- India's direct tax collections have witnessed a robust growth of 19.06 per cent year-on-year (YoY), reaching Rs 21.88 lakh crore in the financial year 2024-25 (up to February 10, 2025), as per the latest data released by the Income Tax Department.

This rise in collections is attributed to higher corporate and non-corporate tax revenues, as well as a significant surge in securities transaction tax (STT) receipts.

The data released by the department highlighted that the gross direct tax collection for the ongoing fiscal stood at Rs 21,88,508 crore, compared to Rs 18,38,194 crore collected in the same period last year. The growth has been driven largely by corporate tax (CT) and non-corporate tax (NCT) collections.

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