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India's direct tax collections have registered a 7% year-on-year growth in the current financial year 2025-26, reflecting continued economic momentum and improved taxpayer compliance. According to official data released by the Income Tax Department, net direct tax collections stood at Rs 12.92 lakh crore as on November 10, 2025, compared to Rs 12.07 lakh crore during the same period last year. Corporate and Personal Tax Drive Growth Corporate Tax (CT) and Non-Corporate Tax (NCT), which inclu
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FAQ :
India's direct tax collections have grown by 7% year-on-year as of November 10, 2025.
Net direct tax collections stood at Rs 12.92 lakh crore by November 10, 2025.
The amount of tax refunds issued has declined by nearly 18%, from Rs 2.95 lakh crore last year to Rs 2.42 lakh crore this year, as of November 10, 2025.
Corporate Tax and Non-Corporate Tax (including individual taxes) together accounted for the majority of the collections.
The growth signifies healthy corporate profitability and robust personal income growth across various sectors.
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