Net direct tax collection grows 8% to ₹17.04 lakh crore on slower refunds

Net nonstop taxation postulation grew 8% to implicit ₹17.04 lakh crore betwixt April 1-December 17 arsenic refund issuances slowed, the income taxation section information showed connected Friday (December 17, 2025).

This includes nett firm taxation mop up of implicit ₹8.17 lakh crore and non-corporate taxation of astir ₹8.47 lakh crore. Net gross from Securities Transaction Tax (STT) stood astatine ₹40,195 crore till December 17 of the existent fiscal.

Refunds issuance dropped 14% compared to past twelvemonth to implicit ₹2.97 lakh crore.

Gross nonstop taxation collections, earlier adjusting refunds, recorded 4.16% maturation astatine implicit ₹20.01 lakh crore till December 17, arsenic per the income taxation section data.

In the existent fiscal (2025-26), the authorities has projected its nonstop taxation postulation astatine ₹25.20 lakh crore, up 12.7% year-on-year. The authorities aims to cod ₹78,000 crore from STT successful FY26.