India’s Net Direct Tax Collection up 7% in FY26 so Far to Rs 12.92 Lakh Crore

India’s net direct tax collection up 7% in FY26 so far to Rs 12.92 lakh crore

India's net direct tax collection reached Rs 12.92 lakh crore, marking a 7% year-on-year increase as of November 10. Gross collections rose by 2.15% to Rs 15.35 lakh crore, while total tax refunds saw a significant decline of 17.72%.

Net Direct Tax Collections Up 7% to ₹12.92 Lakh Crore in FY26 So Far - India Seatrade News

India’s net direct tax collections have risen 7% so far this fiscal to over ₹12.92 lakh crore, driven by sustained growth in receipts from non-corporate taxpayers and a continued decline in refunds, according to data released by the Central Board of Direct Taxes (CBDT) on Monday. This marks the third consecutive month of growth in […]

Net direct tax collections up 7% to ₹12.92 trillion till November 10

New Delhi: Net direct tax collections rose 7% year-on-year ₹12.92 trillion as of November 10, reflecting steady inflows from corporate and personal taxes despite a moderation in overall growth compared to last year. Revenues, including corporate tax, personal income tax and securities transaction tax (STT), represent approximately 49% of the ₹25.2 trillion target for FY26. […]

Net direct tax revenues hop 7% to Rs 12.92 lakh crore in FY26 so far

New Delhi: Net direct tax collection has grown 7 per cent so far this fiscal year to over Rs 12.92 lakh crore on higher corporate tax mop-up and slower refunds. Refund issuances dropped 18 per cent to over Rs 2.42 lakh crore between April 1 and November 10. Net corporate tax collection during the period stood about Rs 5.37 lakh crore, up from Rs 5.08 lakh crore in the same period in 2024. Non-corporate tax, including individuals and HUFs, mop-up…

India’s net direct tax collections up 7% to Rs 12.92 lakh cr on strong corporate, personal tax - BusinessToday

The non-corporate or personal income tax segment — which includes taxes paid by individuals, Hindu Undivided Families (HUFs), and partnerships — has emerged as a key growth driver. Net personal income tax collections jumped 17.7% to Rs 7.19 lakh crore, compared with Rs 6.61 lakh crore a year ago.