India's direct tax collections for the financial year 2025-26 have shown strong growth, reaching Rs 19.43 lakh crore by February 10, 2026, a 9.4% increase year-on-year. This growth is partly attributed to a significant 18.8% drop in tax refunds issued. Gross collections also saw a rise, indicating improved tax compliance and stable economic activity.
India's direct tax collections have recorded steady growth in the current financial year, reflecting improved compliance and stable economic activity. As per official data for FY 2025-26 (up to February 10, 2026), net direct tax collections stood atRs 19.43 lakh crore, registering a 9.40% growth compared to the corresponding period last year.
Gross Direct Tax Collection Crosses Rs 22.78 Lakh Crore
The gross direct tax collections for FY 2025-26 reached Rs 22.78 lakh crore, marking a 4.09% incr
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FAQ :
As of February 10, 2026, the net direct tax collection for FY 2025-26 stood at Rs 19.43 lakh crore.
Net direct tax collections have grown by 9.40% in FY 2025-26 compared to the corresponding period last year.
Refunds issued in FY 2025-26 (up to February 10, 2026) have declined by 18.82% compared to the same period in the previous financial year.
Direct tax collections include Corporate Tax (CT) and Non-Corporate Tax (NCT), which covers individuals, HUFs, firms, and other entities, as well as Securities Transaction Tax (STT) and Other Taxes.
The growth is attributed to improved tax compliance, stable economic activity, sustained corporate profitability, higher advance tax payments, strong TDS collections, and robust personal income growth.