NEW DELHI: India’s net direct tax collections for the financial year 2025–26 have recorded a robust growth of 8 per cent, reaching Rs 17.05 lakh crore as on December 17, 2025, according to data released by the Income Tax Department.
Gross direct tax collections stood at Rs 20.02 lakh crore, marking a year-on-year increase of 4.16 per cent compared with the corresponding period of the previous fiscal.
Refunds issued during the period declined by 13.52 per cent to Rs 2.97 lakh crore, providing an additional boost to net revenues.
Corporate tax collections continued to be a key contributor to the government’s revenue.
Net corporate tax receipts rose to Rs 8.17 lakh crore. In contrast, net non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities, increased to Rs 8.47 lakh crore.
Refunds issued during the period fell 13.52 per cent to Rs 2,97,069 crore, compared with Rs 3,43,499 crore last year.
Securities Transaction Tax (STT) collections remained broadly stable at around Rs 40,195 crore during the period.
Advance tax collections also showed steady momentum. Total advance tax receipts grew by 4.27 per cent to Rs 7.88 lakh crore, supported by a nearly 8 per cent rise in corporate advance tax, though non-corporate advance tax payments saw a marginal decline of 6.49 per cent.
Notably, in the Union Budget 2025, the government pushed the new personal income tax regime by cutting rates across slabs.
The move was aimed to put more disposable income in the hands of taxpayers and boost consumption.
Agencies