Direct Tax Collections Show 7% Growth in FY 2025-26 as of November 10, 2025

Income Tax Department has recently released the Direct Tax Collections of the Financial Year 2025-26, as of November 10, 2025 for financial year 2024-25.

For financial year 2024-25 (As on November 10, 2024)

Gross collection stands at 15,02,694.85 crore. This includes 6,60,442.91 crore from corporate tax, which is the tax paid by companies, and 8,03,934.70 crore from non-corporate tax, which comes from individuals, firms, and other non-company entities. Additionally, 35,922.82 crore was collected as Securities Transaction Tax (STT) on share market trades, while 2,394.42 crore came from other taxes.

Refunds under Corporate Tax (CT) amount to Rs. 1,52,533.35 crore, whereas Non-Corporate Tax (NCT) refunds stand at Rs. 1,42,186.03 crore. Refunds from Securities Transaction Tax (STT) are nil, while Other Taxes (OT) contribute Rs. 36.36crore. In total, refunds are Rs. 2,94,755.74 crore.

The Net collection of Corporate Tax (CT) amounts to Rs. 5,07,909.56 crore, while Non-Corporate Tax (NCT) stands at Rs. 6,61,748.67 crore. In addition, Securities Transaction Tax (STT) contributes Rs. 35,922.82 crore and Other Taxes (OT) account for Rs. 2,358.06 crore. Altogether, the total gross collection is Rs. 12,07,939.11 crore.

Net collection is 507,909.56 for corporate Tax (CT) and 661,748.67 for Non corporate Tax (NCT), and the Securities Transaction Tax (STT) stands at 35,922.82 while other taxes is 2,358.06. Altogether it is 1,207,939.11.

For Financial year 2025-26 (as of November 10, 2025)

Gross collection stands at 15,35,027.23 crore. This includes 6,90,984.37 crore from corporate tax, which is the tax paid by companies, and 8,08,026.36 crore from non-corporate tax, which comes from individuals, firms, and other non-company entities. Additionally, 35,681.88 crore was collected as Securities Transaction Tax (STT) on share market trades, while 334.62 crore came from other taxes.

Refunds under Corporate Tax (CT) amount to Rs. 1,53,966.23 crore, whereas Non-Corporate Tax (NCT) refunds stand at Rs. 88,548.10 crore. Refunds from Securities Transaction Tax (STT) are nil, while Other Taxes (OT) contribute Rs. 20.39 crore. In total, refunds are Rs. 2,42,534.72 crore.

Net collection is Rs 5,37,018.14 crore for corporate Tax (CT) and for Non corporate Tax (NCT) is Rs 7,19,478.26 and the Securities Transaction Tax (STT) stands at Rs 35,681.88 crore, while other taxes are Rs 314.23 crore. Altogether it is Rs 12,92,492.51 crore.

The percentage growth of gross collection is 2.15%, while refund growth turned negative at -17.72%, and the net collection’s percentage growth is 7.00%.