Net direct tax mop-up dips 1.34 pc to Rs 5.63 lakh cr on higher refunds

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....et direct tax mop-up dips 1.34 pc to Rs 5.63 lakh cr on higher refunds<BR>Income Tax<BR>Dated:- 11-7-2025<BR>PTI<BR>New Delhi, Jul 11 (PTI) Net direct tax collection fell 1.34 per cent to about Rs 5.6....

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....3 lakh crore till July 10 of the current financial year, mainly on account on higher refunds, according to government data released on Friday. Net corporate tax collection stood around Rs 2 lakh cro....

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....re, while non-corporate tax (which includes individuals, HUFs and firms) was at Rs 3.45 lakh crore. Securities transaction tax mop-up was Rs 17,874 crore between April 1 and July 10. Total net colle....

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....ctions stood at Rs 5.63 lakh crore, registering a decline of 1.34 per cent over Rs 5.70 lakh crore collected in the year-ago period. Net refunds issued so far this fiscal year jumped 38 per cent to ....

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....Rs 1.02 lakh crore. Gross collections (before refunds) stood at Rs 6.65 lakh crore from April 1-July 10, posting a 3.17 per cent growth over Rs 6.44 lakh crore in the year-ago period. In the curre....

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....nt fiscal year, the government has projected its direct tax collections at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26. PTI JD T....

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