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The government is optimistic about achieving its budgeted direct tax collection target for 2025-26, Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal said on Monday. For the current fiscal, the Centre has set an ambitious target of Rs 10.82 lakh crore in corporate tax and Rs 14.38 lakh crore in personal income tax. Speaking on the gap between the budgeted collection pace and the actual mop-up recorded in the first half of the year, Agrawal emphasised that the process is still underway.
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FAQ :
For FY26, the Union Government projects direct tax collections to reach Rs 25.2 lakh crore, a 13.2% increase from FY25.
The Centre has set targets of Rs 10.82 lakh crore for corporate tax and Rs 14.38 lakh crore for personal income tax for the current fiscal year.
As of November 10, direct tax collections have crossed Rs 12.92 lakh crore.
The government expects substantial inflows from advance tax deadlines on December 15 and March 15.
The department is scrutinising some high-value and system-flagged refund claims, with hopes to release remaining refunds by November or December.
Despite significant income-tax relief measures announced in the Union Budget, direct tax collections for FY26 are projected to grow.
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