India’s Net Direct Tax Collections Rise 9.4% to Rs. 19.44 Lakh Crore, Reflecting a Broader Tax Base:

India’s Net Direct Tax Collections Rise 9.4% to Rs. 19.44 Lakh Crore, Reflecting a Broader Tax Base The government has collected more money from income tax and corporate tax this financial year compared to last year. According to data shared by the Income Tax Department, net direct tax collections have increased by about 9.4 per cent so far. The rise in net collections reflects a broader base of individual and corporate taxpayers nationwide.

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The following are some important things that every taxpayer must know about collections: Net collections India’s net direct tax collections were Rs. 19.44 lakh crore between April 1, 2025 and February 10, 2026. This is 9.4% higher than the amount collected during the same period last year. During the same period in FY25, the government collected Rs. 17.77 lakh crore in total revenue, according to the data. Gross Collections Total gross collections reached Rs. 22.78 lakh crore, which is 4.1% higher than the amount collected in the same period last year. Tax Refund The government returned Rs. 3.34 lakh crore to taxpayers as refunds for extra tax paid during this period. Last year, the refunds were higher at Rs. 4.12 lakh crore. This means the total refunds have fallen by 18.8% compared to the previous year.

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Gross Corporate Tax Corporate tax collections were Rs. 10.89 lakh crore, which is 8% higher than last year. Non-corporate Tax Non-corporate tax collections, which include personal income tax and taxes paid by Hindu Undivided Families (HUFs), firms, and local authorities, increased by 1% to Rs. 11.39 lakh crore. Securities Transaction Tax The government earned Rs. 50,279.2 crore from Securities Transaction Tax (STT), which is the small tax investors pay every time they buy or sell shares on Dalal Street. This amount is 2.2% higher than what the government collected earlier. Out of the total refunds of Rs. 3.34 lakh crore, Rs. 1.99 lakh crore was refunded to companies under corporate tax, while Rs. 1.36 lakh crore was refunded to non-corporate taxpayers such as individuals and firms. This means the majority of the refunds went to companies, with the remaining portion given to other taxpayers.

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Other Taxes In other taxes, excluding corporate and non-corporate levies, the tax department collected a total of Rs. 358.4 crore. After giving refunds of Rs. 32.1 crore, the net amount retained by the department was Rs. 326.4 crore.