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India's net direct tax collection for the financial year 2025-26 stood at Rs 4.59 lakh crore as of June 19, 2025, marking a marginal decline of 1.39% compared to Rs 4.65 lakh crore collected during the same period last year, according to official data released by the Income Tax Department. While gross collections surged by 4.86%, reaching Rs 5.45 lakh crore, a significant rise in refunds-up by 58.04%-brought down the net collections. Key Highlights Gross Collection rose to Rs 5.45 lakh cr
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FAQ :
The gross direct tax collection for FY26 up to June 19, 2025, reached Rs 5.45 lakh crore.
The net direct tax collection stood at Rs 4.59 lakh crore, showing a marginal decline of 1.39% compared to the same period last year.
A significant surge in tax refunds, which increased by 58.04% to Rs 86,385 crore, brought down the net collections from the gross amount.
Net Corporate Tax collection saw a slight decline, standing at Rs 1.73 lakh crore compared to Rs 1.82 lakh crore in the previous year.
Experts anticipate that the current shortfall in net collections may be balanced in the coming quarters due to economic recovery and government compliance efforts, though refund outflows and global uncertainties remain factors.
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