India's Net Direct Tax Collections Rise 9.18 Per Cent To Rs 10.82 Lakh Crore in FY26

India’s net direct tax collections for FY26 have crossed Rs 10.82 lakh crore ($131 billion) as of 17 September, marking a 9.18 per cent year-on-year growth, NDTV Profit reported.

The surge is largely due to fewer refunds being issued by the Income Tax Department.

Though gross collections increased, the major boost to net receipts came from a sharp fall in refund outflows.

According to data released by the Central Board of Direct Taxes (CBDT), net direct tax collections stood at Rs 10.82 lakh crore as of 17 September 2025 — up 9.18 per cent from Rs 9.91 lakh crore in the same period of FY25.

Refunds dropped by 23.87 per cent, totaling Rs 1.60 lakh crore against Rs 2.10 lakh crore last year, driving the higher net collections.

Gross direct tax collections, before accounting for refunds, reached Rs 12.43 lakh crore, a 3.39 per cent rise.

This includes collections from Corporate Tax or CT, Non-Corporate Tax or NCT, Securities Transaction Tax or STT, and other taxes.

Advance tax collection rose 2.90 per cent to Rs 4.48 lakh crore, with corporate advance tax up 6.11 per cent at Rs 3.52 lakh crore, while non-corporate advance tax fell 7.30 per cent to Rs 96,700 crore.

Corporate taxes delivered steady growth, but non-corporate tax collections — mainly from individuals and smaller entities — declined slightly.

Overall, net collections remain robust, highlighting efficient tax administration. Faster processing and tighter refund control have strengthened revenue inflows.

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