net tax collection – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 19 Dec 2025 09:13:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png net tax collection – Artifex.News https://artifex.news 32 32 Net direct tax collection grows 8% to ₹17.04 lakh crore on slower refunds https://artifex.news/article70415129-ece/ Fri, 19 Dec 2025 09:13:00 +0000 https://artifex.news/article70415129-ece/ Read More “Net direct tax collection grows 8% to ₹17.04 lakh crore on slower refunds” »

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Net direct tax collection grew 8% to over ₹17.04 lakh crore between April 1-December 17 as refund issuances slowed, the income tax department data showed on Friday (December 17, 2025).

This includes net corporate tax mop up of over ₹8.17 lakh crore and non-corporate tax of about ₹8.47 lakh crore. Net revenue from Securities Transaction Tax (STT) stood at ₹40,195 crore till December 17 of the current fiscal.

Refunds issuance dropped 14% compared to last year to over ₹2.97 lakh crore.

Gross direct tax collections, before adjusting refunds, recorded 4.16% growth at over ₹20.01 lakh crore till December 17, as per the income tax department data.

In the current fiscal (2025-26), the government has projected its direct tax collection at ₹25.20 lakh crore, up 12.7% year-on-year. The government aims to collect ₹78,000 crore from STT in FY26.

Published – December 19, 2025 02:43 pm IST



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]]> Net direct tax collection grows 18% to ₹11.25 lakh cr https://artifex.news/article68744907-ece/ Fri, 11 Oct 2024 17:31:05 +0000 https://artifex.news/article68744907-ece/ Read More “Net direct tax collection grows 18% to ₹11.25 lakh cr” »

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Net direct tax collection grew 18.3% to about ₹11.25 lakh crore as of October 10 this fiscal, government data showed on Friday (October 11, 2024).

The mop-up includes personal income tax collection of ₹5.98 lakh crore and corporate tax collection of ₹4.94 lakh crore. Securities Transaction Tax (STT) stood at ₹30,630 crore, while other taxes (including equalisation levy and gift tax) earned ₹2,150 crore.

The income tax department had collected ₹9.51 lakh crore during the same period a year ago.

Refunds worth ₹2.31 lakh crore were issued between April 1 and October 10, a growth of 46%.

On a gross basis, direct tax collection grew 22.3% to ₹13.57 lakh crore. The collection includes PIT (personal income tax) of ₹7.13 lakh crore and corporate tax of Rs 6.11 lakh crore.

The government has budgeted to collect ₹22.07 lakh crore in the current fiscal from direct taxes.

Published – October 11, 2024 11:01 pm IST



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