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Informist, Tuesday, Aug. 12, 2025

 

--Govt: Apr 1-Aug 11 gross direct tax collection INR 7.988 tln, dn 1.9% 

--Govt: Apr 1-Aug 11 net direct tax collection INR 6.639 tln, dn 4.0% 

--Govt: Apr 1-Aug 11 direct tax refunds INR 1.349 tln, up 9.8% 

--Govt: Apr 1-Aug 11 direct tax collection 26.3% of FY26 Budget aim 

--Govt: Apr 1-Aug 11 gross corporate tax collection INR 3.328 tln, up 8.0% 

--Govt: Apr 1-Aug 11 STT collection INR 224 bln, up 3.5% YoY 

--Govt: Apr 1-Aug 11 direct tax collection 26.3% of FY26 Budget aim 

 

NEW DELHI - The government's net direct tax collections during Apr. 1-Aug. 11 were down 4.0% on year at INR 6.639 trillion because of a slowdown in direct tax collections and a rise in refunds issued, data released Tuesday by the finance ministry showed. Net direct tax collections so far account for 26.3% of the Budget target of INR 25.20 trillion for the current financial year. 

 

On a gross basis, the government collected INR 7.988 trillion, down 1.9% on year. The government has issued refunds worth INR 1.349 trillion this year as of Monday, 9.8% higher from a year ago.

 

Gross corporate tax collections rose 8.0% on year to INR 3.328 trillion and non-corporate tax collections were down 7.5% on year at INR 4.123 trillion. Non-corporate tax includes taxes paid by individuals, Hindu Undivided Families, firms, associations of persons, bodies of individuals, local authorities, and artificial juridical persons.  

 

The government has projected 2025-26 (Apr-Mar) total tax collections at INR 42.702 trillion, up 10.8% on year. Of this, it aims to collect INR 25.20 trillion as direct taxes, 12.7% higher than FY25. The government aims to collect INR 780 billion from Securities Transaction Tax in FY26. It has collected Securities Transaction Tax worth INR 224 billion till Monday, up 3.5% on year.  End

 

Reported by Priyasmita Dutta

Edited by Vandana Hingorani

 

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