India’s net direct tax collection increased by 9.18% to surpass Rs 10.82 lakh crore as of September 17 in the current financial year (2025-26), in comparison to the same timeframe in the previous fiscal year, aided by a significant decline of 23.87% in refunds, as reported by the Central Board of Direct Taxes on Friday. Non-corporate tax revenue rose by 13.67% to Rs 5.83 lakh crore, while corporate tax collections saw a growth of 4.93% to Rs 4.72 lakh crore. The securities transactions tax (STT) experienced a slight increase of 0.57% to Rs 26,305.72 crore. Overall gross direct tax collections rose by 3.39% to Rs 12.43 lakh crore, while total refunds fell by 23.87% to Rs 1.60 lakh crore.
Corporate refunds, which constitute the majority of total refunds, increased by 13.13% to Rs 1.23 lakh crore. Conversely, refunds to non-corporate taxpayers decreased by 63.39% to Rs 37,306.72 crore. Corporate tax constituted Rs 5.95 lakh crore of the total gross direct tax collected, while non-corporate tax was Rs 6.20 lakh crore, with STT at Rs 26,305.72 crore, and other taxes amounting to Rs 297.13 crore. Additionally, India’s GST collections rose by 6.5% to Rs 1.86 lakh crore in August, remaining above the Rs 1.8 lakh crore threshold for the eighth consecutive month, indicating continued economic growth.