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Net direct tax kitty swells 9% to Rs 18.4 lakh cr

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13 Jan 2026 8:54 AM IST

New Delhi: Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department said on Monday.

The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore. Securities Transaction Tax collection stood at Rs 44,867 crore between April 1 and January 11. Refunds dropped 17 per cent to Rs 3.12 lakh crore during the period. Gross direct tax collection increased 4.14 per cent to about Rs 21.50 lakh crore till January 11 of this fiscal. In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year.

net direct tax collection direct tax collection India Income Tax Department data direct tax growth FY26 net direct tax Rs 18.38 lakh crore corporate tax collection India non-corporate tax collection individual income tax India HUF tax collection Securities Transaction Tax STT collection India tax refunds India direct tax refunds decline gross direct tax collection India tax revenue FY26 fiscal 2025-26 tax data government revenue collections tax buoyancy India Union Budget FY26 Indian economy fiscal trends