Net direct tax collection contracts by 1.4% in first quarter of FY26
June 22, 2025
|NF Times
Net direct tax collection in the first quarter (till 19 June 2025) of FY26 has contracted by 1.39% compared to the corresponding period last year. Even the gross tax collections during the period showed a moderate growth.
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The provisional figures released by the Central Board of Direct Taxes (CBDT) show that gross direct tax collections in the first quarter stand at Rs 5.45 lakh crore, a 4.86% growth from Rs 5.2 lakh crore in FY 2024-25 (as on June 19, 2024). Refunds have surged by 58.04%, amounting to Rs 86,385.31 crore during the period, significantly higher than Rs 54,660.79 crore in the previous fiscal year's comparable period.
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