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flag India's direct tax collections rose 6.3% year-on-year by Oct. 12, 2025, but lag behind budget targets.

flag India's net direct tax collections reached ₹11.89 trillion by October 12, 2025, a 6.33% rise year-on-year, driven by higher corporate and non-corporate tax receipts. flag Gross collections totaled ₹13.92 trillion, up 2.4%, while tax refunds fell 16% to ₹2.03 trillion. flag The government maintains a full-year direct tax target of ₹25.2 trillion, a 12.7% increase, though current growth lags budget forecasts. flag Securities Transaction Tax rose slightly to ₹30,878 crore. flag Meanwhile, GST collections in September 2025 hit ₹1.89 trillion, up 9.1%, marking the highest monthly growth in four months, with the second quarter total at ₹5.71 trillion, up 7.7%.

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