Economy, Banking and Finance · 20 December 2025
Income Tax Department records 8% rise in net direct tax collections to ₹17.05 lakh crore this FY till Dec 17.
Exam-focused facts from the 20 December 2025 current affairs briefing.
Key facts
- Net direct tax collections between April 1 and December 17, 2025, stood at ₹17,04,725 crore against ₹15,78,433 crore in the same period last year.
- Gross direct tax collections grew 4.16% year-on-year to ₹20,01,794 crore.
- Net corporate tax collections rose to ₹8,17,310 crore from ₹7,39,353 crore a year ago.
- Net non-corporate tax collections increased to ₹8,46,905 crore from ₹7,96,181 crore.
- Refunds issued during the period fell 13.52% to ₹2,97,069 crore from ₹3,43,499 crore last year.
- Total advance tax collections rose 4.27% to ₹7,88,388 crore; corporate advance tax increased nearly 8% to ₹6,07,300 crore while non-corporate advance tax declined 6.49% to ₹1,81,088 crore.
- Securities transaction tax collections remained flat at around ₹40,195 crore.