Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. File
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Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the mop-up during the corresponding period of last fiscal, as advance tax collections slowed, government data released on Sunday (June 21, 2025) showed.
Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. In the comparable period in 2024, advance tax collection had recorded an annual growth of 27%.
During April 1-June 19, 2025, corporate tax collection witnessed a slowdown at about ₹1.73 lakh crore, a decline of more than 5% year over year.
Net direct tax collections slow down marginally to touch 15.88% in January
Non-corporate tax collections, which include mainly personal income tax, however, recorded a slight increase of 0.7% to ₹2.73 lakh crore. Securities Transaction Tax (STT) grew 12% to ₹13,013 crore during the period.
Overall, the net direct tax collection kitty stood at about ₹4.59 lakh crore during April 1-June 19, 2025, registering a 1.39% dip from ₹4.65 lakh crore collected in the corresponding period in 2024.
Refund issuances increased by 58% so far this fiscal to ₹86,385 crore. Gross direct tax collection stood at ₹5.45 lakh crore so far this fiscal, logging a growth of 4.86% from the year-ago period.
Advance tax collection in corporate tax saw a growth of 5.86% to ₹1.22 lakh crore, while non-corporate tax collection dropped 2.68% to ₹33,928 crore. Overall, advance tax collection grew 3.87% to ₹1.55 lakh crore during April 1-June 19, 2025.
Published – June 21, 2025 11:09 am IST