Tax Collection

Refund pullback, not strong inflows, drives gains

Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department said on Monday. The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore. Securities Transaction Tax collection stood at Rs 44,867 crore between April 1 and January 11. Refunds dropped 17 per cent to Rs 3.12 lakh crore during the period. Gross direct tax collection increased 4.14 per cent to about Rs 21.50 lakh crore till January 11 of this fiscal. In the current fiscal (2025-26), the government has projected its direct tax collection 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.

Net direct mopup growth lags Budget goal

Weak tax collections in October pushed Bihar's fiscal deficit to three times the FY26 budget estimate in seven months, with pre-poll spending adding pressure

Smaller states such as Odisha and Telangana are emerging as the fastest-growing contributors to GST and direct taxes, challenging the long-held dominance of India's traditional economic powerhouses

Following this uptick, PwC expects growth to moderate to 7 per cent in the second half, putting full-year expansion at 7.5-8 per cent

Muted domestic mop-up reflects rate-cut impact, festive deferment; import GST boost cushions growth

In August and September, collections were relatively subdued at ₹1.86 trillion and ₹1.89 trillion, respectively

After probing hotels for GST underpayment, authorities now seek booking-level data from online travel portals to check possible double taxation

India's fiscal deficit rose to 38.1 per cent of FY26 budget estimates in April-August, driven by higher capital expenditure and muted revenue receipts, CGA data showed

Exploring India's tax-to-GDP gap, lessons from global reforms, and the role of social security contributions in boosting revenue and citizen compliance

Gross GST collection increased 6.5 per cent to over Rs 1.86 lakh crore in August on higher domestic revenues, as per government data released on Monday. Gross Goods and Services Tax (GST) mop-up was Rs 1.75 lakh crore in August 2024. Last month, the collection was Rs 1.96 lakh crore. The gross domestic revenue grew 9.6 per cent to Rs 1.37 lakh crore, while tax from imports dipped 1.2 per cent to Rs 49,354 crore in August. GST refunds were down 20 per cent year-on-year to Rs 19,359 crore. Net GST revenue stood at Rs 1.67 lakh crore in August 2025, recording 10.7 per cent year-on-year growth. The data is released just two days before the meeting of the GST Council, comprising Centre and states, which will deliberate on rate rationalisation and reducing number of tax slabs.

Of the total collection, the share of goods and services tax (GST) and value added tax (VAT) stood at ₹20,798 crore and ₹7,060 crore, respectively

Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday. The GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since the roll-out of the indirect tax regime on July 1, 2017. In March 2025, the collection was Rs 1.96 lakh crore. GST revenue from domestic transactions rose 10.7 per cent to about Rs 1.9 lakh crore, while revenue from imported goods was up 20.8 per cent to Rs 46,913 crore. Refunds issuance rose 48.3 per cent to Rs 27,341 crore during April. After adjusting refunds, net GST collection rose 9.1 per cent to over Rs 2.09 lakh crore in April.

These 17 municipal corporations had a consolidated tax and non-tax kitty of about ₹3,140 crore in FY24

The International Monetary Fund has (IMF) proposed a tax target of over Rs 15 trillion for Pakistan in the next budget, according to a media report on Saturday. The development comes days after the IMF urged Pakistan's Special Investment Facilitation Council (SIFC) to refrain from granting tax exemptions to international investment projects, including the Chaghi-Gwadar railway track project worth USD 2 billion. ARY News reported citing sources that the IMF delegation maintained that tax exemptions for international investments would hinder the country's revenue generation. The IMF and Pakistan are holding virtual talks, with 85 per cent of the discussions completed successfully. The talks are focused on finalising the details of the next budget, which is expected to be presented in the National Assembly soon. The new budget is expected to increase the tax-to-GDP ratio to 13 per cent and collect Rs 2,745 billion in non-tax revenue. The government is also expecting the economy to gro

Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. During the year, the government collected Rs 10.44 lakh crore from four instalments of advance tax as against Rs 9.11 lakh crore in the previous fiscal, registering a growth of 14.62 per cent. The last instalment of the advance tax payment was due on March 15, 2025, for the current financial year. Advance tax collection under the corporate tax category rose by 12.54 per cent to Rs 7.57 lakh crore while non-corporates witnessed a growth rate of 20.47 per cent to Rs 2.87 lakh crore during the financial year. An individual whose estimated tax liability is likely to be over Rs 10,000 (after considering tax deducted and collected at source TDS and TCS) is required to pay advance tax that year, as per Section 208 of the Income-Tax Act. This includes salaried taxpayers. Advance tax is to be paid before the end of the financ

A system that allows buyers to pay taxes directly to the government while paying would enhance trust, improve tax compliance, and accelerate tax collection

The 16 per cent increase in the state's estimated tax revenue is higher than the growth of 11 per cent estimated by the Centre in the Union Budget FY26

Corporate tax during the same period grew at a slower pace of 6.1 per cent to Rs 7.8 trillion, while the securities transaction tax grew 65.05 per cent to Rs 49,201 crore