New Delhi, Feb 11 (UNI) India’s net direct tax collections for the financial year 2025-26 have grown by 9.40 per cent to Rs 19,43,743.97 crore as on February 10 compared to Rs 17,76,728.11 crore in the corresponding period last year, according to official data released on Wednesday here.
Gross direct tax collections during the period stood at Rs 22,78,068.60 crore, registering a growth of 4.09 per cent over Rs 21,88,554.86 crore collected in the same period of FY 2024-25.
Corporate tax collections contributed Rs 10,88,533.85 crore to the gross kitty in FY26 so far, marginally higher than Rs 10,08,222.87 crore collected a year ago. Non-corporate tax collections, which include taxes paid by individuals, HUFs, firms and other entities, rose to Rs 11,38,897.14 crore from Rs 11,28,071.65 crore in the previous year.
Securities Transaction Tax (STT) collections also witnessed an uptick, increasing to Rs 50,279.17 crore from Rs 49,201.40 crore in the year-ago period.
Refunds issued during the current fiscal till February 10 declined sharply by 18.82 per cent to Rs 3,34,324.63 crore, compared to Rs 4,11,826.75 crore issued in the same period last fiscal. The lower outgo on refunds supported the higher growth in net collections.
Net corporate tax collections rose significantly to Rs 8,89,752.90 crore, up from Rs 7,77,047.63 crore in the previous year. Net non-corporate tax collections also increased to Rs 10,03,385.52 crore as against Rs 9,47,477.30 crore in FY25.
