Net direct tax collections in the current financial year 2025-26 have experienced a noteworthy increase of 9.2%, reaching a total of ₹10.82 lakh crore. This growth can be attributed to a rise in both corporate and personal income tax revenue, as indicated by official data.
In the corresponding period of 2024-25, there was a net collection of Rs 9.91 lakh crore.
The centre’s gross tax revenue comprises Direct taxes, which mainly include income tax paid by individuals and corporate tax.
This year, the refunds of Rs 1.61 lakh crore have been issued till now, which is nearly reduced to 24% compared to Rs 2.11 lakh amount issued in the previous year.
Gross direct tax collections, before adjusting for refunds, increased 3.4% to ₹12.43 lakh crore between April 1 and September 17, 2025. It comprises corporate tax at ₹5.96 lakh crore, personal income tax (including STT) at ₹6.47 lakh crore, and other minor taxes.
Till now, ₹26,306 crore is the Securities Transaction Tax (STT) collection for the present financial year, which has surged from Rs 26,154 crore in the year-ago period. Rs 4.72 lakh crore is the net corporate tax collection, which has increased from Rs 4.50 lakh crore in the same period in 2024.
In this Fiscal year, the non-corporate tax, which comprises individuals and Hindu Undivided Families (HUFs), has collected nearly ₹5.84 lakh crore, up from over ₹5.13 lakh crore in the same period of the last year.
Read Also: India’s Net Direct Tax Collections Surge 13.13% to ₹21.3 Trillion, Driven by Advance Tax Boost
For the first half of FY26, Advance tax collections stood at ₹4.49 lakh crore, which is a surge of nearly 3% from ₹4.36 lakh crore a year ago.
Corporate advance tax has risen to 6.1% to more than ₹3.52 lakh crore, and the advance tax paid via individuals reduced 7.3% to ₹96,784 crore.
The government in the existing fiscal (2025-26) has projected its direct tax collection at ₹25.20 lakh crore, up 12.7 per cent year-on-year. In 2026, the government is looking to collect Rs 78,000 crore from STT.
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