India's gross direct tax collections for the financial year 2025-26 stood at Rs 7,98,822 crore as of August 11, 2025, marking a 1.87% decline compared to Rs 8,14,048 crore collected during the same period last year, according to official data from the Tax Information Network - Management Information System (TINMIS).
The dip in collections was primarily driven by a fall in corporate tax inflows. Gross corporate tax (CT) collections fell from Rs 3,32,822 crore last year to Rs 3,08,120 crore this year, while non-corporate tax (NCT) collections - which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities, and artificial juridical persons - rose sharply from Rs 4,43,355 crore to Rs 4,82,693 crore.
Securities Transaction Tax (STT) collections registered a marginal decline, slipping from Rs 22,362 crore to Rs 21,599 crore. Other taxes increased significantly from Rs 283 crore to Rs 1,636 crore during the same period.
Refund outflows surged by 9.81%, rising from Rs 1,22,895 crore in FY 2024-25 to Rs 1,34,948 crore this year. This increase in refunds contributed to a 3.95% drop in net direct tax collections, which stood at Rs 6,63,874 crore as against Rs 6,91,153 crore last year.
The data highlights a mixed trend - stronger non-corporate tax performance offset by weaker corporate tax receipts and higher refunds. Analysts note that the decline in corporate tax collections could be reflective of lower corporate profitability or delayed advance tax payments, while the resilience in non-corporate tax inflows signals robust compliance and economic activity among individuals and small businesses.
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