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Key Points

India's net direct tax collection has shown impressive growth, crossing Rs 10.82 lakh crore with a 9.18% increase this fiscal year. Non-corporate tax revenue performed particularly well, surging by 13.67% to reach Rs 5.83 lakh crore. The growth was significantly supported by a substantial 23.87% decline in refunds issued during this period. These strong tax collections reflect robust economic activity and contribute to India's solid fiscal position.

Key Points: India Net Direct Tax Revenue Crosses 10.82 Lakh Crore with 9.2% Growth

  • Net direct tax collection grew 9.18% to Rs 10.82 lakh crore this fiscal year
  • Non-corporate tax revenue surged 13.67% to Rs 5.83 lakh crore
  • Corporate tax collections increased 4.93% to Rs 4.72 lakh crore
  • Refunds decreased sharply by 23.87% to Rs 1.60 lakh crore
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Net direct tax revenue jumps 9.2 pc to cross Rs 10.82 lakh crore

India's net direct tax collection reaches Rs 10.82 lakh crore, growing 9.18% this fiscal year, driven by a sharp 23.87% decline in refunds.

"Buoyant tax collections in recent months have helped to strengthen the country’s fiscal position - Central Board of Direct Taxes"

New Delhi, Sep 19

India's net direct tax collection recorded 9.18 per cent growth to cross Rs 10.82 lakh crore till September 17 during the current financial year (2025-26) compared to the same period of the previous financial year as there was a sharp decline of 23.87 per cent in refunds, data released by the Central Board of Direct Taxes on Friday showed.

Of the total amount, non-corporate tax revenue grew by 13.67 per cent to Rs 5.83 lakh crore. The tax is paid by a specific set of entities that are not registered as companies under the Companies Act.

Net corporate tax collections grew by 4.93 per cent to Rs 4.72 lakh crore, while securities transactions tax (STT) increased marginally by 0.57 per cent to Rs 26,305.72 crore, according to the official figures.

Gross direct tax collections increased by 3.39 per cent to Rs 12.43 lakh crore, while refunds dipped by 23.87 per cent to Rs 1.60 lakh crore. Corporate refunds — the majority of total refunds — grew by 13.13 per cent to Rs 1.23 lakh crore, while refunds issued to non-corporate taxpayers decreased by 63.39 per cent to Rs 37,306.72 crore.

Of the total gross direct tax collected, corporate tax was Rs 5.95 lakh crore, non-corporate tax stood at Rs 6.20 lakh crore, while STT was Rs 26,305.72 crore, and other taxes stood at Rs 297.13 crore.

Meanwhile, India’s GST collections rose by 6.5 per cent to Rs 1.86 lakh in August, according to government data released earlier this month.

GST collections have been rising steadily to remain above the Rs 1.8 lakh crore mark for the eighth month in a row, reflecting the growing economic activity in the country.

The gross domestic revenue grew 9.6 per cent to Rs 1.37 lakh crore, while tax from imports dipped 1.2 per cent to Rs 49,354 crore in August. GST refunds were down 20 per cent year-on-year to Rs 19,359 crore.

Net GST revenue stood at Rs 1.67 lakh crore in August 2025, recording a robust 10.7 per cent year-on-year growth.

Buoyant tax collections in recent months have helped to strengthen the country’s fiscal position and the macroeconomic fundamentals, which help to ensure stable growth.

India's fiscal deficit in April-July was Rs 4.68 lakh crore or 29.9 per cent of the estimate for the financial year ending March 31, with next tax receipts for this period working out to Rs 6.6 lakh crore, which shows that the country is in a strong fiscal position.

- IANS

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Reader Comments

P
Priya S
Non-corporate tax growing at 13.67% is impressive! This means small businesses and professionals are contributing more. Hope this tax revenue translates into better roads, schools, and healthcare facilities for all of us.
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Aman W
While the numbers look good, I hope the government ensures that this increased revenue actually reaches the common people. Sometimes we pay taxes but don't see proportional benefits in our daily lives. Accountability is key!
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Sarah B
The 23.87% decline in refunds is interesting. Does this mean fewer people are claiming refunds or the process has become more efficient? As an expat working here, I've found the Indian tax system quite robust compared to many countries.
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Vikram M
GST collections above ₹1.8 lakh crore for 8 months straight! This shows the digital economy is working. As a small business owner, the GST system was tough initially but now it's streamlined. More transparency in transactions 👍
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Nikhil C
Corporate tax growth at only 4.93% compared to non-corporate at 13.67% - interesting trend. Maybe time for more corporate tax reforms? Still, overall positive numbers for our fiscal health. Hope this continues!

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