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Direct tax mop-up dips 1.3% this fiscal
Financial Express Delhi
|July 12, 2025
THE CENTRE'S DIRECT tax collections after refunds fell by 1.3% to ₹5.63 lakh crore till July 10 of the current fiscal, reflecting impact of budgeted tax reliefs and a surge in refunds.
The collections are trailing the pace needed to meet the ambitious FY26 direct tax target of ₹25.2 lakh crore, which represents a 13.2% annual growth. This, despite the significant income-tax reliefs announced in the Budget.
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