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News Details

12/08/2025 19:54

Net Direct Tax Collection Slips 4% to Rs 6.64 Lakh Crore on Higher Refunds

Net direct tax collections have fallen 3.95% to Rs 6.64 lakh crore so far this fiscal, primarily due to an increase in refunds, government data showed on Tuesday.

Direct taxes comprise levies on income paid by companies, individuals, professionals, and other entities.

According to the Central Board of Direct Taxes (CBDT), refunds issued between April 1 and August 11 this fiscal rose 10% to Rs 1.35 lakh crore.