Net Direct Tax Collection Dips by 1.39% in Q1 FY2025-26
India’s net direct tax collection for the first quarter of FY2025-26 has witnessed a marginal decline of 1.39%, amounting to ₹4.59 lakh crore, compared to the same period last year. The latest government data, released on June 21, 2025, attributes the dip primarily to a significant slowdown in advance tax collection, particularly among corporates.
The Central Board of Direct Taxes (CBDT) has published data revealing that net direct tax collections for April 1–June 19, 2025, are lower than the previous fiscal. This news is crucial for understanding the early trends in India’s fiscal health, tax compliance, and potential adjustments needed in revenue policy.
Net Direct Tax Collection (April 1 – June 19, 2025): ₹4.59 lakh crore
| Summary/Static | Details |
| Why in the news? | Net Direct Tax Collection Dips by 1.39% in Q1 FY2025-26 |
| Net Direct Tax Collection | ₹4.59 lakh crore (↓ 1.39%) |
| Gross Direct Tax Collection | ₹5.45 lakh crore (↑ 4.86%) |
| Advance Tax (Total) | ₹1.55 lakh crore (↑ 3.87%) |
| Corporate Advance Tax | ₹1.22 lakh crore (↑ 5.86%) |
| Non-Corporate Advance Tax | ₹33,928 crore (↓ 2.68%) |
| Tax Refunds | ₹86,385 crore (↑ 58%) |
| Corporate Tax Collection (Net) | ₹1.73 lakh crore (↓ >5%) |
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