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Key Points

India's direct tax collection has shown impressive growth in the current fiscal year, demonstrating economic strength. The Income Tax Department reported a 6.33% increase in net direct tax revenue, reaching Rs 11.89 lakh crore. Corporate and non-corporate tax collections have contributed significantly to this growth, while refund payouts have decreased. The government remains optimistic about achieving its ambitious tax collection target for FY26.

Key Points: India's Direct Tax Collection Surges 6.33% to Rs 11.89 Lakh Crore

  • Corporate tax receipts rise to Rs 5.02 lakh crore
  • Non-corporate tax collections increase to Rs 6.56 lakh crore
  • Refunds decline by 16% to Rs 2.03 lakh crore
  • Government targets Rs 25.20 lakh crore direct tax collection
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India's net direct tax collection up over 6 pc to Rs 11.89 lakh crore till Oct 12

India's tax revenue climbs with strong corporate and individual collections, showing robust fiscal performance in FY25-26

"Tax collection performance reflects India's economic resilience - Income Tax Department"

New Delhi, Oct 13

The Income Tax (I-T) Department on Monday released data on gross direct tax collections, refunds and net direct tax collections for FY 2025-26, saying India's net direct tax revenue climbed 6.33 per cent to over Rs 11.89 lakh crore in the current fiscal year (till October 12).

The I-T Department said that total gross direct tax collection stood at Rs 13.92 lakh crore, up from Rs 13.60 lakh crore during the same period last fiscal.

This performance is driven by stronger corporate tax collections and slower refund payouts.

Also, refunds issued declined to Rs 2.03 lakh crore, a 16 per cent decrease compared to Rs 2.41 lakh crore in FY25.

While corporate tax receipts rose to Rs 5.02 lakh crore from Rs 4.91 lakh crore, non-corporate tax collections (including individuals and HUFs) went up to Rs 6.56 lakh crore from Rs 5.94 lakh crore.

For FY26, the Central government has set a direct tax collection target of Rs 25.20 lakh crore, a 12.7 per cent increase over the previous year.

In the mean time, the Securities Transaction Tax (STT) contribution grew marginally to Rs 30,878 crore for the reported period this fiscal.

Notably, India's goods and services tax (GST) revenues rose 9.1 per cent year-on-year in September, reaching Rs 1.89 lakh crore, according to latest government data. This marks the fastest growth rate in four months and extends the streak of monthly inflows above Rs 1.8 lakh crore to nine consecutive months. The pickup is also the fastest in four months, compared with 6.5 per cent growth in August.

In the second quarter of FY26, collections reached Rs 5.71 lakh crore, a 7.7 per cent increase year-over-year, but slower than the 11.7 per cent growth witnessed in the previous quarter.

- IANS

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Reader Comments

R
Rohit P
While the numbers look good, I'm concerned about the slower refund payouts. Many middle-class taxpayers like me are waiting for our refunds to manage household expenses. The system needs to be more efficient.
A
Arjun K
Corporate tax collections up but individual taxpayers are bearing the brunt. When will we see some relief in income tax slabs? The common man needs breathing space too!
S
Sarah B
As someone working in the finance sector, these numbers are quite impressive. The 16% decrease in refunds shows better tax administration. GST growth at 9.1% is also encouraging for overall revenue.
V
Vikram M
₹11.89 lakh crore is huge! But I hope the government uses this money wisely - better roads, schools, and healthcare facilities. We pay taxes expecting quality public services in return.
K
Karthik V
The target of ₹25.20 lakh crore seems ambitious but achievable. With digitalization and better compliance, tax collection has become more efficient. Good work by the tax department! 👍

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