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India’s direct tax collections in FY 2025–2026 have risen 8.82 per cent so far, supported by steady corporate profits, higher personal income tax inflows and a sharp decline in refunds. With net collections touching Rs 18.38 lakh crore by January 11, the government enters the Budget season with stronger-than-expected revenue visibility.

Direct tax collections jump 8.8% in FY 2025–2026 so far; lower refunds lift government revenues

India’s net direct tax collections declined slightly by 1.34 per cent, amounting to Rs 5.63 lakh crore as of July 10, 2025, compared to the same period last year. The dip is primarily due to a sharp 38.01 per cent&nbsp;increase in tax refunds. Despite this, gross direct tax collections rose by 3.17 per cent, reaching Rs 6.65 lakh crore during the same period.

India's net direct tax collection declined 1.34% in FY 2025-26 till July 10; refunds see 38% jump

India's gross direct tax collections rose 4.86% to Rs 5.45 lakh crore in FY26 so far, while net collections dipped 1.39% due to a surge in tax refunds.

Direct tax collections up 4.86 percent in FY26 so far net collections slip due to higher refunds

Securities Transaction Tax (STT) collection, which is also a component of direct tax, surged by as much as 75 per cent to Rs 44,500 crore during this period compared to Rs 25,415 crore in the corresponding period of the previous year.

Net direct tax kitty grows 16% to Rs 16.90 lakh crore till January 12: Income Tax Department

India's net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.

Direct tax collections poised to surpass budget target for 2024-25

The Central Board of Direct Taxes (CBDT) said in a statement, "Direct Tax collection, net of refunds, stands at Rs 14.70 lakh crore which is 19.41 per cent higher than the net collection for the corresponding period of last year. This collection is 80.61 per cent of the total Budget Estimates of Direct Taxes for FY 2023-24."&nbsp;

Net direct tax collection grows 19% so far in FY'24 to Rs 14.70 lakh crore, 81% of Budget target

The cumulative advance tax collections for April-September stand at Rs 2,95,308 crore as on September 17, up 17 per cent over the year-ago period.

Direct tax kitty grows 30% in FY23 to Rs 8.36 lakh cr on higher advance tax mop-up

<h2>The net collection (April 1 to September 22) in FY 2021-22 has registered a growth of 27 per cent over 2019-20 fiscal when the net collection was over Rs 4.48 lakh crore.</h2>

Net direct tax mop-up grows 74% at Rs 5.70 lakh cr so far this fiscal

The direct tax collections for FY22, as of June 15, 2021, show that net collections are at Rs 1.86 lakh cr as compared to Rs 92,762 crore over the corresponding period of the preceding year, representing an increase of 100.4 per cent over the collections of the preceding year.

Direct tax collections UPDATE: BIG RISE! Rs 1.86 lakh cr - What taxpayers should know

According to IT department, Net collections (after adjusting for refunds) have&nbsp;increased by 14.7% to Rs 5.51 lakh crore during April - November, 2018.

Direct Tax Collection stands at Rs 6.75 lakh crore in November 2018; personal tax rises by 16%

Net direct tax collections represent 69.2% of the Revised Estimates of Direct Taxes for FY 2017-18&nbsp;

Direct tax collections up to January FY18 rise 19.3%

Finance Ministry remains firm on its borrowing and fiscal deficit targets for this financial year.

 How will RBI read the upcoming Budget?  

An amount of Rs 3.18 lakh crore has been received as Advance Tax up to December, 2017 reflecting a growth of 12.7% over the Advance Tax payments of the corresponding period of last year, said the Finance Ministry statement.&nbsp;

Direct tax collections rise 18.2% in April-December 2017: FinMin  

Tax collections&nbsp;from the start of the financial year to November 2017 have escalated as against the year ago period. 
&nbsp;

Direct tax collections grow over 14% till November to nearly Rs 5 lakh crore

In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 4.39&nbsp;lakh crore between April - October&nbsp;2017.&nbsp;

Direct Tax Collections touch nearly 45% of FY18 Budget Estimates

&nbsp;In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 3.86 lakh crore between April - September 2017.&nbsp;

Direct Tax collections' reach 39.4% of FY18 Budget Estimates

Direct tax collections rise 17.5% till August, Govt says

On November 08, 2017, Prime Minister Narendra Modi announced the withdrawal of high-denomination currency notes like Rs 1000 and Rs 500 to tackle black money and terror financing.

Has demonetisation tackled black money? Finance Ministry explains in four points 

Surabhi Ahluwalia, Commissioner of Income Tax, Central Board of Direct Taxes (CBDT), in a statement on Wednesday said, "So far as the growth rate for Corporate Income Tax (CIT) and Personal 
Income Tax (PIT) in terms of gross revenue collections is concerned, the growth&nbsp;rate for CIT is 7.2% while that for PIT (including STT) is 17.5%."

Issued income tax refunds to the tune of Rs 61,920 crore till July, Govt says

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017. &nbsp;

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

direct-tax-collections

India’s direct tax collections in FY 2025–2026 have risen 8.82 per cent so far, supported by steady corporate profits, higher personal income tax inflows and a sharp decline in refunds. With net collections touching Rs 18.38 lakh crore by January 11, the government enters the Budget season with stronger-than-expected revenue visibility.

India’s net direct tax collections declined slightly by 1.34 per cent, amounting to Rs 5.63 lakh crore as of July 10, 2025, compared to the same period last year. The dip is primarily due to a sharp 38.01 per cent increase in tax refunds. Despite this, gross direct tax collections rose by 3.17 per cent, reaching Rs 6.65 lakh crore during the same period.

India's gross direct tax collections rose 4.86% to Rs 5.45 lakh crore in FY26 so far, while net collections dipped 1.39% due to a surge in tax refunds.

Securities Transaction Tax (STT) collection, which is also a component of direct tax, surged by as much as 75 per cent to Rs 44,500 crore during this period compared to Rs 25,415 crore in the corresponding period of the previous year.

India's net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.

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Direct Tax Collections

Direct tax collections jump 8.8% in FY 2025–2026 so far; lower refunds lift government revenues

India's net direct tax collection declined 1.34% in FY 2025-26 till July 10; refunds see 38% jump

Direct tax collections up 4.86 percent in FY26 so far net collections slip due to higher refunds

Net direct tax kitty grows 16% to Rs 16.90 lakh crore till January 12: Income Tax Department

Direct tax collections poised to surpass budget target for 2024-25

Net direct tax collection grows 19% so far in FY'24 to Rs 14.70 lakh crore, 81% of Budget target

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