India's direct tax collections for the current financial year 2025-26 have registered strong growth, touching ₹10.82 lakh crore (net) as of September 17, 2025, according to official data released by the Income Tax Department. This marks a 9.18% increase compared to ₹9.91 lakh crore collected during the same period in FY 2024-25.
Key Highlights of Collections
- Gross collections: ₹12.43 lakh crore, up from ₹12.02 lakh crore in the corresponding period last year.
- Refunds issued: ₹1.61 lakh crore, down from ₹2.11 lakh crore a year ago, reflecting a 23.9% decline.
- Net collections: ₹10.82 lakh crore vs. ₹9.91 lakh crore in FY 2024-25.
Segment-Wise Breakup
- Corporate Tax (CT): ₹4.72 lakh crore (up from ₹4.50 lakh crore).
- Non-Corporate Tax (NCT - includes individuals, HUFs, firms, AOPs, BOIs, local authorities, etc.): ₹5.84 lakh crore (up from ₹5.13 lakh crore).
- Securities Transaction Tax (STT): ₹26,305 crore (vs. ₹26,154 crore).
- Other Taxes: ₹292 crore (vs. ₹1,817 crore).
Advance Tax Performance
Advance tax collections stood at ₹4.49 lakh crore, showing a 2.9% growth compared to ₹4.36 lakh crore in the same period last year.
- Corporate advance tax rose 6.1% to ₹3.52 lakh crore.
- Non-corporate advance tax fell 7.3% to ₹96,784 crore.
Analysis
The surge in collections highlights resilient corporate profitability and robust tax compliance, even as refunds moderated significantly compared to last year. Economists suggest that the slowdown in refunds may have temporarily boosted net collections, but sustained growth in corporate and individual tax contributions reflects a positive revenue trend for FY 2025-26.
Official copy of the notification has been attached
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