Direct Tax
Apr 1-Nov 10 net direct tax mop-up rises 7% as refunds fall 18%
This story was originally published at 16:38 IST on 11 November 2025
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--Govt: Apr 1-Nov 10 direct tax collection 51.3% of FY26 Budget aim
--Govt: Apr 1-Nov 10 direct tax refunds INR 2.425 tln, down 17.7%
--Govt: Apr 1-Nov 10 net direct tax collection INR 12.925 tln, up 7.0%
--Govt: Apr 1-Nov 10 gross direct tax collection INR 15.350 tln, up 2.2%
--Govt: Apr 1-Nov 10 STT collection INR 356.82 bln, down 0.7%
--Govt: Apr 1-Nov 10 gross corporate tax collection INR 6.910 tln, up 4.6%
NEW DELHI – The government's net direct tax collections during Apr. 1-Nov. 10 were up 7.0% on year at INR 12.925 trillion, buoyed by an 8.7% increase in non-corporate tax collections and a sharp fall in refunds issued, data released Tuesday by the finance ministry showed. Net direct tax collections have so far accounted for 51.3% of the Budget target of INR 25.20 trillion for the current financial year.
On a gross basis, the government collected INR 15.350 trillion, up 2.2% on year. The government has issued refunds worth INR 2.425 trillion this year as of Monday, down 17.7% from a year ago.
Gross corporate tax collections rose 4.6% on year to INR 6.910 trillion and non-corporate tax collections rose just 0.5% on year to INR 8.080 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 5.7% on year to INR 5.370 trillion, while non-corporate tax collections rose 8.7% on year to INR 7.195 trillion.
The government has projected total tax collections for 2025-26 (Apr-Mar) 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 356.82 billion till Monday, down 0.7% on year. End
Reported by Priyasmita Dutta
Edited by Saji George Titus
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