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Jun 21, 2025
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Direct tax collections rise 4.9%; advance tax up 3.9% in FY26 so far
India's gross direct tax collection for the financial year 2025-26 rose by 4.86% to Rs 5.45 lakh crore as of June 19, according to the latest figures released by the government. However, net collections saw a marginal decline due to a sharp spike in refunds.
The total gross collections which include corporate tax, non-corporate tax, securities transaction tax (STT), and other levies stood at Rs 5,45,207 crore, up from Rs 5,19,936 crore during the same period last year.
There was the 58.04% jump in tax refunds, which soared to Rs 86,385 crore from Rs 54,661 crore a year ago. This surge in refunds likely reflects improved taxpayer services and faster processing.
As a result, net direct tax collection saw a marginal decline of 1.39%, falling to Rs 4,58,822 crore from Rs 4,65,275 crore in the previous year.
Overall advance tax receipts grew by 3.87% to Rs 1,55,533 crore. Corporate advance tax grew by 5.86% to Rs 1,21,604 crore, but non-corporate advance tax slipped 2.68% to Rs 33,928 crore.
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