For the financial year 2025-26, the gross direct tax collections of India stood at Rs. 7,98,822 crore as of August 11, 2025, marking a 1.87% decrease compared to Rs 8,14,048 crore collected in the same period last year, as per official data from the Tax Information Network – Management Information System (TINMIS).
The recent decline in overall tax collections was mainly attributed to a decrease in corporate tax revenues. Gross corporate tax (CT) collections dropped from Rs 3,32,822 crore in the previous year to Rs 3,08,120 crore this year.
In contrast, non-corporate tax (NCT) collections—which encompass taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities, and artificial juridical entities—increased significantly, rising from Rs 4,43,355 crore to Rs 4,82,693 crore.
Collections from Securities Transaction Tax (STT) registered a marginal decline, falling from Rs 22,362 crore to Rs 21,599 crore. From Rs 283 crore to Rs 1,636 crore, the other taxes increased during the same period.
In the current fiscal year, refund outflows experienced a significant increase of 9.81%, climbing from Rs 1,22,895 crore in FY 2024-25 to Rs 1,34,948 crore. This rise in refunds has played a role in a decline of 3.95% in net direct tax collections, which totalled Rs 6,63,874 crore compared to Rs 6,91,153 crore in the previous year.
As per the data mixed trend has been witnessed, robust non-corporate tax performance offset by weaker corporate tax receipts and higher refunds. Analysts see lower corporate profitability or delayed advance tax payments can be reasons for the corporate tax collections reduction, and the stability in non-corporate tax inflows shows strong compliance and economic activity among individuals and small businesses.
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