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Net direct tax collection declines nearly 4% to ₹6.64 lakh crore this fiscal on higher refunds
Millennium Post Kolkata
|Kolkata 13August2025
Net direct tax collection dipped 3.95 per cent to Rs 6.64 lakh crore so far this fiscal, mainly on account of higher refunds, according to government data released on Tuesday.
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NEW DELHI:
Direct tax includes taxes on income paid by companies, individuals, professionals, and other entities.
As per the data released by the Central Board of Direct Taxes (CBDT), refunds issued so far this fiscal jumped 10 per cent to Rs 1.35 lakh crore between April 1 and August 11.
Net corporate tax collection rose 3 per cent to about Rs 2.29 lakh crore, while non-corporate tax (which includes individuals, Hindu Undivided Families (HUFs) and firms) mop up dipped 7.45 per cent to Rs 4.12 lakh crore.
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