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Informist, Wednesday, Feb. 11, 2026

 

--Govt: Apr 1-Feb 10 STT collection INR 502.79 bln, up 2.2% 
--Govt: Apr 1-Feb 10 net corporate tax collection INR 8.90 tln, up 14.5% 
--Govt: Apr 1-Feb 10 direct tax collection 80.3% of FY26 revised Budget aim 
--Govt: Apr 1-Feb 10 direct tax refunds INR 3.34 tln, down 18.8% 
--Govt: Apr 1-Feb 10 net direct tax collection INR 19.44 tln, up 9.4% 
--Govt: Apr 1-Feb 10 gross direct tax collection INR 22.78 tln, up 4.1% 

 

NEW DELHI – The government's net direct tax collections rose 9.4% on year to INR 19.437 trillion during Apr. 1-Feb. 10, buoyed by a 14.5% increase in corporate tax collections and a sharp fall in refunds, data released by the finance ministry on Wednesday showed. Net direct tax collections so far have accounted for 80.3% of the revised Budget target of INR 24.21 trillion for the current financial year.

 

The revised estimate for 2025-26 (Apr-Mar) is INR 990 billion lower than the earlier Budget estimate of INR 25.20 trillion. As per revised estimates, the government expects total tax collections in FY26 to be INR 40.78 trillion, up 7.4% on year. The revised estimate for total tax collections is INR 1.9 trillion below the Budget estimate for FY26.

 

On a gross basis, the government collected INR 22.781 trillion of direct taxes till Tuesday, up just 4.1% on year. The government has issued refunds worth INR 3.34 trillion this year as of Tuesday, down 18.8% from a year ago. 

 

Gross corporate tax collections rose 8% on year to INR 10.885 trillion and non-corporate tax collections grew 1% on year at INR 11.389 trillion. Non-corporate tax includes taxes paid by individuals, Hindu Undivided Families, firms, associations of persons, bodies of individuals, local authorities, and artificial juridical persons.  

 

Net corporate tax collections grew 14.5% year to INR 8.898 trillion, while non-corporate tax collections rose 5.9% on year to INR 10.034 trillion. The government has collected securities transaction tax worth INR 502.79 billion till Tuesday, up 2.2% on year. According to the revised estimate, the government aims to collect 636.70 billion from securities transaction tax in FY26, INR 143.30 billion lower than the Budget estimates. End

 

Reported by Priyasmita Dutta

Edited by Saji George Titus

 

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