Net Direct Tax assortment dips 1.39% to 4.59 lakh crore in April-June

Net direct tax assortment up to now this fiscal stood at ₹4.59 lakh crore, 1.39% decrease in comparison with the mop-up throughout the corresponding interval of final fiscal, as advance tax collections slowed, authorities information launched on Sunday (June 21, 2025) confirmed.

Advance tax assortment throughout April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. In the comparable interval in 2024, advance tax assortment had recorded an annual development of 27%.

During April 1-June 19, 2025, company tax assortment witnessed a slowdown at about ₹1.73 lakh crore, a decline of greater than 5% 12 months over 12 months.

Net direct tax collections decelerate marginally to the touch 15.88% in January

Non-corporate tax collections, which embrace primarily private earnings tax, nonetheless, recorded a slight enhance of 0.7% to ₹2.73 lakh crore. #Securities Transaction Tax (STT) grew 12% to ₹13,013 crore throughout the interval.

Overall, the web direct tax assortment kitty stood at about ₹4.59 lakh crore throughout April 1-June 19, 2025, registering a 1.39% dip from ₹4.65 lakh crore collected within the corresponding interval in 2024.

Refund issuances elevated by 58% up to now this fiscal to ₹86,385 crore. Gross direct tax assortment stood at ₹5.45 lakh crore up to now this fiscal, logging a development of 4.86% from the year-ago interval.

Advance tax assortment in company tax noticed a development of 5.86% to ₹1.22 lakh crore, whereas non-corporate tax assortment dropped 2.68% to ₹33,928 crore. Overall, advance tax assortment grew 3.87% to ₹1.55 lakh crore throughout April 1-June 19, 2025.