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Net direct tax collection dips 1.39% to ₹4.59 lakh cr till June 19
Millennium Post Kolkata
|June 22, 2025
AMID LOWER ADVANCE TAX MOP-UP & HIGHER REFUNDS
NEW DELHI: Net direct tax collection so far this fiscal year dropped 1.39 per cent to Rs 4.59 lakh crore, on slowdown in advance tax mop-up and higher refunds, government data released on Saturday showed.
Advance tax, which is an indicator of corporate profitability and income of individuals, grew a meagre 3.87 per cent to Rs 1.56 lakh crore between April 1 and June 19, 2025. In the comparable period in 2024, advance tax collections had recorded an annual growth of 27 per cent.
Advance tax paid by corporates saw a growth of 5.86 per cent to Rs 1.22 lakh crore, while those by non-corporates, including individuals, HUFs and firms, dropped 2.68 per cent to Rs 33,928 crore.
Advance tax is paid in four instalments -- in June, September, December, and March.
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