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Direct tax collections dip 3.95% due to rise in refunds
The Business Guardian
|August 13, 2025
In contrast, non-corporate tax collections dropped 7.5 per cent to Rs 4.12 lakh crore, indicating slower income growth or deferred payments from smaller businesses and individuals.
India's net direct tax collections for FY 2025-26 stood at Rs 6.64 lakh crore as on August 11, down 3.95 per cent from Rs 6.91 lakh crore collected during the same period last year, Income Tax Department data shows.
The data suggests that a rise in the tax refund was the major reason behind the decline.
Refunds rose nearly 10 per cent year-on-year to Rs 1.35 lakh crore, with corporate refunds climbing 21 per cent to over Rs 1.03 lakh crore, partly offsetting gross gains.
Diese Geschichte stammt aus der August 13, 2025-Ausgabe von The Business Guardian.
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