New Delhi — India’s net direct tax collection grew 9.18 per cent to cross ₹10.82 lakh crore as of September 17 in the current financial year (2025–26), compared to the same period last year, according to data released by the Central Board of Direct Taxes (CBDT) on Friday. The rise comes despite a sharp 23.87 per cent drop in refunds.
Within this, non-corporate tax revenue rose 13.67 per cent to ₹5.83 lakh crore, while net corporate tax collections increased 4.93 per cent to ₹4.72 lakh crore. Securities transaction tax (STT) registered marginal growth of 0.57 per cent, reaching ₹26,305.72 crore.
Gross direct tax collections climbed 3.39 per cent to ₹12.43 lakh crore, while total refunds fell to ₹1.60 lakh crore. Corporate refunds — which make up the bulk of total refunds — grew 13.13 per cent to ₹1.23 lakh crore. In contrast, refunds to non-corporate taxpayers plunged 63.39 per cent to ₹37,306.72 crore.
Breaking down gross direct tax collections:
- Corporate tax: ₹5.95 lakh crore
- Non-corporate tax: ₹6.20 lakh crore
- STT: ₹26,305.72 crore
- Other taxes: ₹297.13 crore
Meanwhile, India’s GST collections rose 6.5 per cent in August to ₹1.86 lakh crore, crossing the ₹1.8 lakh crore mark for the eighth consecutive month — a sign of robust economic activity.
In August, domestic GST revenue increased 9.6 per cent to ₹1.37 lakh crore, while revenue from imports declined 1.2 per cent to ₹49,354 crore. GST refunds dropped 20 per cent year-on-year to ₹19,359 crore, bringing net GST revenue to ₹1.67 lakh crore, up 10.7 per cent from last year.
Stronger tax collections in recent months have bolstered India’s fiscal position and macroeconomic fundamentals, supporting stable economic growth.
During April–July, the fiscal deficit stood at ₹4.68 lakh crore, or 29.9 per cent of the full-year estimate, while net tax receipts amounted to ₹6.6 lakh crore — underscoring the country’s healthy fiscal standing.
With inputs from IANS