Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11

Net direct tax collections fell to Rs 6.63 trillion till August 11 in FY26 due to higher corporate refunds, while gross collections also declined 1.9%

Net direct tax collection contracted nearly 4 per cent to about ₹6.63 trillion as on August 11 2025-26 due to a 21.2 per cent surge in corporation-tax refunds, the data released by the Central Board of Direct Taxes (CBDT) showed.

 

Gross direct tax collection too contracted 1.87 per cent to ₹7.99 trillion so far in FY26.

 

For FY26, the Centre has projected direct tax receipts at ₹25.2 trillion. 

 

In FY25, net direct tax collection rose 13.57 per cent to ₹22.26 trillion, surpassing the initial Budget estimate of ₹22.07 trillion.

 

“Gross receipts might have declined as the majority of the taxpayers