Data Alert
Apr 1-Dec 17 net direct tax mop-up rises 8% as refunds fall 13.5%
This story was originally published at 11:49 IST on 19 December 2025
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--Govt: Apr 1-Dec 17 direct tax collection 68% of FY26 Budget aim
--Govt: Apr 1-Dec 17 STT collection INR 401.95 bln, up 0.2%
--Govt: Apr 1-Dec 17 gross corporate tax collection INR 9.946 tln, up 7.5%
--Govt: Apr 1-Dec 17 direct tax refunds INR 2.97 tln, down 13.5%
--Govt: Apr 1-Dec 17 net direct tax collection INR 17.05 tln, up 8%
--Govt: Apr 1-Dec 17 gross direct tax collection INR 20.02 tln, up 4.2%
NEW DELHI – The government's net direct tax collections during Apr. 1-Dec. 17 were up 8.0% on year at INR 17.047 trillion, buoyed by a 7.5% increase in corporate tax collections and a sharp fall in refunds issued, data released by the finance ministry on Friday showed. Net direct tax collections have so far accounted for 68% of the Budget target of INR 25.20 trillion for the current financial year.
On a gross basis, the government collected INR 20.018, up 4.2% on year. The government has issued refunds worth INR 2.971 trillion this year as of Wednesday, down 13.5% from a year ago.
Gross corporate tax collections rose 7.5% on year to INR 9.946 trillion and non-corporate tax collections were up 1.3% on year at INR 9.667 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.
Net corporate tax collections grew 10.5% year to INR 8.173 trillion, while non-corporate tax collections rose 6.4% on year to INR 8.469 trillion.
The government has projected total tax collections in 2025-26 (Apr-Mar) 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 in FY25. The government aims to collect INR 780 billion from securities transaction tax in FY26. It has collected securities transaction tax worth INR 401.95 billion till Wednesday, up 0.2% on year.
Advance tax collections, an indicator of corporate profitability and individual incomes, rose 4.3% on year to INR 7.884 trillion during Apr. 1-Dec. 17. Advance tax is paid in four instalments – in the middle of June, September, December, and March. End
Reported by Priyasmita Dutta
Edited by Avshek Dutta
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