India, Aug. 12 -- India's gross direct tax collection fell to Rs.7,98,822 crore in the current financial year up to August 11, from Rs.8,14,048 crore in the same period last financial year, registering a contraction of 1.87% because of higher refunds to corporate assesses and lower collections from individual taxpayers, according to government data.

Overall refunds to taxpayers (both corporate and individual assesses) jumped by nearly 10% to Rs.1,34,948 crore in 2025-26 (from April 1 to August 11) as compared to Rs.1,22,895 crore in the same period of financial year 2024-25, contributing to a year-on-year fall in net direct tax revenue.

Net direct tax collections after refunds in FY26 (as on August 11) fell by 3.95% to Rs.6,63,874 crore...