New Delhi, March 18 -- India's direct tax collections recorded a robust 16.2 per cent growth to Rs 25.86 lakh crore during April 1, 2024 - March 16, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department. Direct taxes comprise corporate tax, personal income tax and securities transaction tax. Corporate tax collections rose to Rs 12.40 lakh crore in the current financial year as of March 16, from Rs 10.1 lakh crore in the same period of the previous financial year.

Personal income tax collections surged to Rs 12.90 crore during this period from Rs 10.91 lakh crore in the same period of the last fiscal year. Securities transaction tax ...