Corporate and Non Corporate Taxes Drive Overall Growth Net direct tax collection in the current financial year rose 8.82 percent to over Rs 18.38 lakh

Corporate and Non Corporate Taxes Drive Overall Growth​

Net direct tax collection in the current financial year rose 8.82 percent to over Rs 18.38 lakh crore up to January 11, according to data released by the Income Tax Department.

The collection includes net corporate tax receipts of more than Rs 8.63 lakh crore. Taxes collected from non corporate taxpayers, including individuals and Hindu Undivided Families, stood at Rs 9.30 lakh crore during the same period.

Securities Transaction Tax and Refund Trends​

Securities Transaction Tax collection reached Rs 44,867 crore between April 1 and January 11. During this period, refunds declined 17 percent to Rs 3.12 lakh crore.

Gross Direct Tax Collection at Rs 21.50 Lakh Crore​

Gross direct tax collection increased 4.14 percent year on year to around Rs 21.50 lakh crore till January 11 of the ongoing fiscal.

FY26 Direct Tax Target Remains Higher​

For the current financial year 2025 26, the Government of India has projected direct tax collections of Rs 25.20 lakh crore, reflecting a year on year growth target of 12.7 percent. The government has also set a target of Rs 78,000 crore from Securities Transaction Tax in FY26.