India’s Net Direct Tax Collections Rise 8.82% to ₹18.38 Lakh Crore Till Mid-January
New Delhi: India’s net direct tax collections have recorded healthy growth in the current financial year, reflecting stable economic activity and improved compliance. According to the Income Tax Department, net direct tax collections rose by 8.82 per cent to over ₹18.38 lakh crore up to January 11.
The growth has been supported by steady corporate tax receipts amounting to ₹8.63 lakh crore, along with strong contributions from individual taxpayers. Collections from the Securities Transaction Tax (STT) have also pointed to sustained activity in the capital markets during the period.
Officials noted that tax refunds issued during the same period declined by 17 per cent year-on-year, which further contributed to the increase in net collections. Overall, gross direct tax collections registered a growth of 4.14 per cent, indicating positive momentum so far in the ongoing fiscal year.
Looking ahead, the Government of India has projected a 12.7 per cent growth in direct tax collections for the 2025–26 financial year compared to the previous year. The government has also set a target of ₹78,000 crore in revenue from the Securities Transaction Tax for the financial year 2026.
The continued rise in direct tax collections is seen as a sign of improving economic resilience and strengthening revenue fundamentals.
– Hind Samachar News
