India’s direct tax collections for fiscal year 2025-26, as of July 10, 2025, show a net collection of ₹562,827 crore, marking a 1.34% decrease compared to the same period in the previous fiscal year. Gross collections, however, increased by 3.17% to ₹664,807 crore. This includes Corporate Tax (CT) at ₹289,773 crore and Non-Corporate Tax (NCT) at ₹356,887 crore. A notable factor contributing to the decline in net collection is the substantial 38.01% increase in refunds issued, totaling ₹101,980 crore. This rise in refunds, encompassing ₹89,863 crore for CT and ₹12,114 crore for NCT, is attributed to improved taxpayer services and faster refund processing. Securities Transaction Tax (STT) collections stood at ₹17,874 crore, while other taxes accounted for ₹273 crore.
Direct Tax Collections for F.Y. 2025-26 as on 10.07.2025
(Rs. In Crore)
FY 2024-25 (as on 10.07.2024) |
FY 2025-26 (as on 10.07.2025) |
Percentage growth |
|||||||||
Corporate Tax (CT) |
Non*-
|
Securities
|
Other taxes (OT) |
Total |
Corporate
|
Non*-
|
Securities
|
Other taxes (OT) |
Total |
Total
|
|
Gross Collection |
264,816 |
361,505 |
16,632 |
1,422 |
644,375 |
289,773 |
356,887 |
17,874 |
273 |
664,807 |
3.17% |
Refunds |
57,289 |
16,589 |
– |
15 |
73,893 |
89,863 |
12,114 |
– |
3 |
101,980 |
38.01% |
Net Collection |
207,527 |
344,915 |
16,632 |
1,409 |
570,483 |
199,910 |
344,773 |
17,874 |
270 |
562,827 |
-1.34% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
Refunds have increased by 38.01% (as on 10.07.2025) compared to corresponding period of last year reflecting better taxpayer services and quicker issuance of refunds.
