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Aug 13, 2025
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India’s direct tax collections contract by 1.87%, refunds up by 10%: Govt data
India’s gross direct tax collection fell to Rs 7,98,822 crore in the current financial year up to August 11, from Rs 8,14,048 crore in the same period last financial year, registering a contraction of 1.87% because of higher refunds to corporate assesses and lower collections from individual taxpayers, according to government data.
Overall refunds to taxpayers (both corporate and individual assesses) jumped by nearly 10% to Rs 1,34,948 crore in 2025-26 (from April 1 to August 11) as compared to Rs 1,22,895 crore in the same period of financial year 2024-25, contributing to a year-on-year fall in net direct tax revenue.
Net direct tax collections after refunds in FY26 (as on August 11) fell by 3.95% to Rs 6,63,874 crore as compared to Rs 6,91,153 net revenue up to August 11 of FY25, the data showed.
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