Business EconomyPosted at: Jan 12 2026 11:12PM


Direct Tax Collections rise nearly 9pc to Rs 18.37 lakh crore in FY26 so far: Govt data

New Delhi, Jan 12 (UNI) India’s direct tax collections recorded a robust growth in the current financial year, with net collections rising by 8.82 per cent to Rs 18.37 lakh crore as on January 11, 2026, compared to the corresponding period last year, according to official data released on Monday here.
The provisional figures show that gross direct tax collections for FY 2025–26 stood at Rs 21.49 lakh crore, marking a 4.14 per cent increase over Rs 20.64 lakh crore collected during the same period of FY 2024–25.
Corporate tax collections continued to form a significant share of the revenue. Gross corporate tax collection increased to Rs 10.46 lakh crore in FY26 (up from Rs 9.72 lakh crore last year), while net corporate tax collections rose to Rs 8.63 lakh crore, reflecting steady profitability in the corporate sector.
Non-corporate tax collections which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, associations of persons, and other entities, also showed healthy growth. Gross non-corporate tax receipts increased to Rs 10.58 lakh crore, while net collections rose to Rs9.29 lakh crore, indicating sustained momentum in personal income tax payments.
Collections from Securities Transaction Tax (STT) remained broadly stable at around Rs 44,866 crore, while receipts under other taxes were comparatively marginal.
A notable feature of the data is the sharp decline in tax refunds. During FY 2025–26 (up to January 11), total refunds issued stood at Rs 3.11 lakh crore, down 16.92 per cent from Rs 3.75 lakh crore in the corresponding period last year. Lower refunds contributed to the stronger growth in net tax collections.
The improvement in direct tax collections is seen as a positive signal for the government’s fiscal position ahead of the union Budget. Higher tax buoyancy provides additional headroom for capital expenditure while supporting fiscal consolidation efforts.
With nearly three months still remaining in the financial year, officials expect direct tax collections to remain on a firm trajectory, reinforcing confidence in achieving the annual revenue targets.
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