Data Alert
Government's Apr 1-Oct 12 net direct tax collection up 6.3% on year on lower refunds
This story was originally published at 20:29 IST on 13 October 2025
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--Govt: Apr 1-Oct 12 direct tax collection INR 11.891 tln, up 6.3% YoY
--Govt: Apr 1-Oct 12 gross direct tax collection INR 13.922 tln, up 2.4% YoY
--Govt: Apr 1-Oct 12 direct tax refunds INR 2.031 tln, down 16.0% YoY
--Govt: Apr 1-Oct 12 gross corporate tax collection INR 6.427 tln, up 4.9%
--Govt: Apr 1-Oct 12 STT collection INR 308.78 bln, up 0.8% YoY
--Govt: Apr 1-Oct 12 direct tax collection 47.2% of FY26 Budget aim
NEW DELHI – The government's net direct tax collections during Apr. 1-Oct. 12 were up 6.3% on year at INR 11.891 trillion, buoyed by a 4.9% rise in corporate tax collections and a sharp fall in refunds issued, data released Monday by the finance ministry showed. Net direct tax collections so far accounted for 47.2% of the Budget target of INR 25.20 trillion for the current financial year.
On a gross basis, the government collected INR 13.922 trillion, up 2.4% on year. The government has issued refunds worth INR 2.031 trillion this year as of Sunday, 16% lower from a year ago.
Gross corporate tax collections rose 4.9% on year to INR 6.427 trillion and non-corporate tax collections rose just 0.5% on year to INR 7.183 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.
The government has projected 2025-26 (Apr-Mar) total tax collections at INR 42.702 trillion, up 10.8% on year. Of this, it aims to collect INR 25.20 trillion as direct taxes, 12.7% higher than FY25. The government aims to collect INR 780 billion from securities transaction tax in FY26. It has collected securities transaction tax worth INR 308.78 billion till Sunday, up 0.8% on year. End
Reported by Priyasmita Dutta
Edited by Subhojit Sarkar
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