New Delhi, June 21 -- The gross direct tax collections in India for the financial year 2025-26 rose by 4.86 per cent to nearly Rs.5.45 lakh crore as of June 19, from Rs.5.19 lakh crore reported during the same period the previous year, according to data released by the Income Tax Department.

There was a marginal dip of 1.39 per cent in the net tax collections, which stood at Rs.4.59 crore, due to a 58 per cent increase in refunds issued, PTI reported.

As of June 19, advance tax collections for the financial year 2025-26 were Rs.1.56 lakh crore, a 3.87 per cent growth. The surge in advance tax collections was primarily due to a 5.86 per cent increase in corporate advance tax payments, while collections from non-corporate taxpayers decrea...