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Direct tax receipts decline 4%
Financial Express Kolkata
|August 13, 2025
Subdued Business Confidence
THE CENTRE'S DIRECT tax collections, net of refunds, fell nearly 4% till August 11 of the current financial year, weighed down by the liberal income tax relief unveiled in Budget FY26 and extended time for individuals to file tax returns.
A slower growth in advance tax, reflecting subdued business confidence, also hit the collections.
Latest official data showed that, direct tax collections till date fell by 3.95% on-year to ₹6.64 lakh crore as against the required rate of 13.2% to meet the FY26 target of ₹25.2 lakh crore.
Receipts so far amount to 26.3% of the FY26 target compared with 31.3% of annual target achieved in the year ago period.
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