Latest News for: direct tax

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Tax cuts, refunds, ITR deadline extension drag India's direct tax numbers down

The Times of India 12 Aug 2025
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India’s net direct tax collection falls 1.8% from April 1 to August 11

The Times of India 12 Aug 2025
Indias gross direct tax collections ...
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Net direct tax mop-up falls nearly 4% to ₹6.64 lakh cr this fiscal on higher refunds

The Hindu 12 Aug 2025
Direct tax includes taxes on income paid by companies, individuals, and by professionals, and other entities ....
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Net direct tax collections fall 4% to ₹6.64 lakh crore this fiscal on higher refunds

Business Line 12 Aug 2025
The government said it ...
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India’s net direct tax collection falls 3.95% from April 1 to August 11

The Economic Times 12 Aug 2025
India’s net direct tax collections declined 1.8% year-on-year to Rs 7.99 trillion in the period from April 1 to August 11, data from the Income Tax Department showed on Tuesday ... .
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Net Direct Tax Collection Slips 4% In FY26 So Far, Refunds Rise 10%

NDTV 12 Aug 2025
The gross direct tax collection between April 11 and Aug. 11 stood at Rs 7.99 lakh crore, down 1.9% YoY ... .
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Net Direct Tax Collection Falls 3.95% To Rs 6.64 Lakh Crore On Higher Refunds

News18 12 Aug 2025
Net direct tax collection dropped 3.95% to Rs 6.64 lakh crore this fiscal due to higher refunds ... .
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Higher refunds, sluggish non-corporate mop-up push net direct tax collections into negative growth at ₹6.64 ...

Business Line 12 Aug 2025
Refunds issued jumped 10% to ...
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Net Direct Tax Collections Dip 4% To ₹6.64 Lakh Cr

MENA FN 12 Aug 2025
(MENAFN - Kashmir Observer) New Delhi- Net direct tax collection dipped 3.95 per cent to Rs 6.64 lakh crore so far this fiscal, mainly on account on higher refunds, according to government data ... .
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India’s direct tax collections contract by 1.87%, refunds up by 10%: Govt data

Hindustan Times 12 Aug 2025
... direct tax revenue. Net direct tax collections after refunds in FY26 (as on August 11) fell by 3.95% to ₹6,63,874 crore as compared to ₹6,91,153 net revenue up to August 11 of FY25, the data showed.
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Tax Refunds under direct taxes, GST see steady rise in April-June quarter, net collection impacted

Business Line 13 Jul 2025
This rise has been ...
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ITR Filing 2025: 31 Banks Now Support Direct Tax Payment On IT Portal; Check List

News18 13 Jul 2025
The Income Tax department extended the ITR filing deadline to September 15, 2025. Taxpayers can now pay direct taxes through 31 banks on the e-Filing portal ... .
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India: Direct tax collections surge 3.2% to Rs 6.64 lakh crore by far in 2025-26

Times of Oman 12 Jul 2025
New Delhi. India's direct tax collections, in gross terms, have witnessed a robust growth of 3.2 per cent year-on-year so far in 2025-26, reaching Rs 6.64 ....
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India's net direct tax collection dips 1.34% to Rs 5.63 lakh cr on higher refunds ...

India TV 12 Jul 2025
India's net direct tax collection for the current financial ...
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I-T relief: Growth in direct tax receipts dips to 3.2%

The Times of India 12 Jul 2025
... 58% to Rs 86,385 crore.'While fall in net direct tax collection is largely driven by an increase in refunds issued this year, the overall fall in direct taxes can be explained by two major factors.

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