Direct Tax Collections Rise 8.82% to Rs 18.37 Lakh Crore as of January 11, 2026

India's direct tax collections have shown steady growth in the current financial year, with net collections increasing by 8.82% to Rs 18.37 lakh crore as on January 11, 2026, according to official data released by the tax authorities.

Gross Direct Tax Collections Cross Rs 21.49 Lakh Crore

The data reveals that gross direct tax collections for FY 2025-26 stood at Rs 21.49 lakh crore, compared to Rs 20.64 lakh crore during the corresponding period of the previous financial year, reflecting a year-on-year growth of 4.14%.

Corporate tax collections contributed Rs 10.46 lakh crore, while non-corporate taxes, which include payments by individuals, HUFs, firms, and other entities, amounted to Rs 10.58 lakh crore. Collections from Securities Transaction Tax (STT) remained stable at Rs 44,866 crore during the period.

Refunds Decline by Nearly 17%

Refund issuance during the period witnessed a notable decline. Total refunds issued fell by 16.92% to Rs 3.11 lakh crore, compared to Rs 3.75 lakh crore in the same period last year. Corporate tax refunds stood at Rs 1.83 lakh crore, while non-corporate refunds amounted to Rs 1.28 lakh crore.

The moderation in refunds has significantly supported higher net tax collections in the current fiscal.

Net Direct Tax Collections Show Strong Momentum

After adjusting for refunds, net direct tax collections reached Rs 18.37 lakh crore, up from Rs 16.89 lakh crore in FY 2024-25 (as on January 11). Net corporate tax collections rose to Rs 8.63 lakh crore, while net non-corporate tax collections increased to Rs 9.29 lakh crore, indicating healthy compliance and stable income growth across taxpayer categories.

Positive Signal for Fiscal Position

The continued rise in direct tax collections points to improved tax compliance, resilient corporate earnings, and steady individual income growth. With several months remaining in the financial year, the data provides a positive signal for the government's fiscal consolidation efforts ahead of the Union Budget.

Official copy of the notification has been attached