India’s direct tax collections rise 8% y/y in April-December

NEW DELHI: India’s net direct tax collection rose 8% year-on-year to 17 trillion rupees ($188.5 billion) from April 1 to December 17, 2025, the government said on Friday.

The government collected 20 trillion rupees in gross direct tax collections, over 4% higher than the same period last year, according to a statement by the income tax department.

Direct tax collections primarily include corporate and income tax. The government issued refunds worth 3 trillion rupees during the period.

India has set a direct tax collection target of 25.2 trillion rupees for the financial year ending March 31, 2026, and the government is confident of meeting the goal.

India collects 1.96 trln rupees in goods and services tax in October

India cut personal income taxes in February to support consumer spending, a move the government has said will reduce tax receipts by about 1 trillion rupees.

Corporate tax collected during the April 1-December 17 period was 10.5% higher year-on-year while taxes on individuals, trusts and securities rose over 6% year-on-year.