Before the end of the year, a gift worth Rs 17.5 lakh crore arrived in the treasury! Tax collection broke all records

There has been tremendous good news for the country’s economy in the last days of the year. Till December 17 alone, the net direct tax collection in the current financial year jumped by 8% to reach Rs 17.05 lakh crore. The most important thing is that this increase has happened at a time when the government gave huge relief to the taxpayers in the new slab and also issued refunds rapidly. Still the treasury keeps getting filled!

Companies gave the biggest support

According to the latest data of the Income Tax Department, the total net direct tax collection from April 1, 2025 to December 17, 2025 was Rs 17,04,725 crore, whereas it was Rs 15,78,433 crore in the same period last year. Corporate tax played the biggest role in this spectacular growth. The meaning is clear – companies are earning well and are also paying taxes honestly.

Corporate tax created a stir

Corporate tax collection this time reached Rs 8,17,310 crore, which is much more than last year’s Rs 7,39,353 crore. This means a huge increase in taxes from companies! Due to this, the government is getting a lot of money for infra projects, new schemes and development works.

Salaried people and small businessmen are also not behind

Personal income tax i.e. tax of salaried class, professionals and small business people also increased to Rs 8,46,905 crore, which was Rs 7,96,181 crore last year. The common man is also contributing a good part of his earnings to the country’s treasury.

Refunds reduced, net collection increased

This time there has been a reduction of about 13.5% in tax refunds. Till now, refunds worth only Rs 2,97,069 crore have been issued, whereas last year it was Rs 3,43,499 crore. Net collection automatically looks stronger due to lesser refunds.

Bumper earnings in advance tax also

Advance tax collection increased by 4.27% to Rs 7,88,388 crore. In this, corporate advance tax took a jump of 8% and reached Rs 6,07,300 crore. There was a slight decline in non-corporates, but the overall picture is great.

The magic of tax reforms has come to the fore

All these successes have come in the year when the government left more money in people’s pockets by bringing new tax slabs in Budget 2025, made GST easier and showed strictness on tax evasion. Result – People are happy and the treasury is also filled to the brim!

Overall, these figures show that the Indian economy has gained momentum. The government now has more power for development. This good news before the end of the year is really a big relief!