stacked_bar_chart Where the Centre's Tax Comes From
Gross tax revenue by head, per financial year (₹ lakh crore)
compare_arrows Income Tax vs Corporate Tax
Annual collections (₹ lakh crore)
call_split How Gross Tax Is Shared
Share of gross tax revenue kept by the Centre vs passed to States
calendar_month Monthly Collections by Head
Tax collected in each month (₹ lakh crore)
Collections bunch up in June, September, December and March, when advance tax instalments fall due. April can dip below zero for corporation tax when refunds exceed new collections.
receipt_long Total GST Collections
Gross GST for the Centre and States together, per financial year (₹ lakh crore, excluding cess)
The "GST (Centre)" head above is only the Centre's part. SGST goes straight to the States, so total GST is much larger.
GST Collections arrow_forwardtrack_changes This Year vs the Budget
Net tax to the Centre collected so far, against the Budget Estimate
table_chart Tax Revenue by Head
₹ lakh crore. Italic rows are Budget Estimates (BE) or Revised Estimates (RE), not actual collections. help_outline Budget Estimate (BE): the government's projection for the year, set in the Union Budget each February. Revised Estimate (RE): the updated projection given a year later, in the next Budget. Both are replaced by actuals once the year's accounts close.
info Understanding the Centre's Taxes
Direct Taxes
Taxes paid directly on income: corporation tax on company profits and income tax on individuals, firms and other non-corporate taxpayers. Securities Transaction Tax (STT) on share trades is counted alongside income tax here.
GST
Since July 2017 the Goods and Services Tax has replaced most indirect taxes on goods and services. The Centre's accounts include only its own part — CGST, the IGST it keeps after settling with States, and compensation cess.
Customs & Excise
Customs duty is levied on imports. Union excise duty now applies mainly to petroleum products and tobacco, which stayed outside GST. Service tax was replaced by GST and only trickles in from old assessments.
States' Share
The Centre shares a fixed portion of its divisible tax pool with the States, as set by the Finance Commission (41% under the 15th Finance Commission). Cesses and surcharges are outside that pool, which is why the share of gross tax is lower.
help_outline Frequently Asked Questions
In FY 2024-25 the Centre's gross tax revenue was about ₹37.95 lakh crore, according to the Controller General of Accounts' provisional accounts. After passing ₹12.87 lakh crore to the States as their share of taxes, the Centre kept about ₹24.99 lakh crore as net tax revenue.
The "This Year vs the Budget" chart further down this page shows how the current year is going against the Budget Estimate, month by month.
Gross tax revenue is everything the Centre collects in taxes — corporation tax, income tax, its own part of GST, customs, excise and others. Net tax revenue is what the Centre keeps after transferring the States' share of taxes and a small National Calamity Contingent Duty (NCCD) transfer to a disaster-relief fund. The Centre's revenue receipts, and so its fiscal deficit, count the net figure.
The Finance Commission fixes the share of the Centre's divisible pool of taxes that goes to the States: 41% under the 15th Finance Commission (2021-22 to 2025-26). Cesses and surcharges are left out of that pool, so the States' share of gross tax is lower — about 34% in FY 2024-25 (₹12.87 lakh crore).
Income tax — paid by individuals, firms and other non-corporate taxpayers, and including Securities Transaction Tax — has been the Centre's largest tax since FY 2023-24. In FY 2024-25 it brought in about ₹12.35 lakh crore, against ₹10.32 lakh crore from the Centre's share of GST and ₹9.87 lakh crore from corporation tax. Income tax has out-earned corporation tax every year since FY 2022-23.
Estimate your own tax with our Income Tax Calculator.
GST is shared with the States. On a sale within a state, half the tax is SGST, which goes straight to that state and never enters the Centre's accounts. IGST on sales between states and on imports is collected by the Centre, which then settles the states' portion with them. So the Centre's accounts show only CGST, the IGST it keeps and compensation cess — about ₹10.3 lakh crore in FY 2024-25, against gross GST collections of about ₹22.1 lakh crore including cess.
See month-by-month and state-wise figures on our GST Collections page.
The Controller General of Accounts publishes the Union Government's monthly accounts around the end of the following month, and this page picks them up automatically. CGA refreshes its breakdown by tax head less often, so the by-head charts can trail the headline figures by a few months. All figures are provisional until the year's accounts are finalised.
Data Sources
Tax revenue by head, Budget and Revised Estimates, and the latest monthly totals come from the Controller General of Accounts (CGA), Ministry of Finance. Monthly figures are CGA's unaudited provisional accounts, and the by-head series is updated less often than the monthly headline. GST totals come from GSTN's GST Statistics. Figures are for information only — verify with the official releases before relying on them.