Daijiworld Media Network – New Delhi

New Delhi, Jul 12: The Central Government’s net direct tax collections up to July 10, have dipped compared to the same period last fiscal, driven by a decline in both corporate and non-corporate tax inflows, according to official data released on Friday.

Gross direct tax collections in the current financial year rose modestly by 3.2%, reaching Rs 6.6 lac cr. However, a sharp 38% surge in tax refunds led to a contraction in net receipts, bringing the net collections down to Rs 5.6 lac cr — a 1.3% drop compared to the same period in 2024-25.

Within the total, net corporate tax collections fell by 3.7%, while non-corporate tax collections — which include payments from individuals, HUFs, firms, and other entities — saw a marginal decline of 0.04%.

The data suggests that despite moderate gross inflow growth, higher refund disbursals have trimmed the Centre’s net tax intake in the first quarter of FY 2025-26.