The income tax department’s data mentioned that the direct tax collections of the central government after refunds stood at Rs 18.37 lakh crore between April 1 and January 11 of FY26.
The net direct tax collections compared to the same period of the last financial year increased by 8.8%. The same growth is lower compared to the forecast made in the budget.
The Union Budget for FY26 has projected net direct tax collections to increase by 16.1% year-on-year.
From the data of IT, till January 11, the net corporate tax collections stood at Rs 8.63 lakh crore, up 12.41% on year. The net non-corporate tax collections (including personal income tax and securities transaction tax) stood at Rs 9.29 lakh crore, which is 6.39% higher on year.
The Budget had projected net corporate tax mop-up to surge 9.7 % year-on-year in FY26, and net non-corporate tax to surge by 21.6%.
Between April 1 and January 11, the refunds stood at Rs 3.11 lakh crore. This is lower by 16.91% as compared to the same period of the last fiscal. Refunds stood at Rs 3.75 lakh crore between April-January 11 FY25.
Rs 21.49 lakh crore is the gross direct tax, which was 4.14% up on the year.
