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Informist, Wednesday, Mar. 18, 2026

 

--Govt: Apr 1-Mar 17 gross direct tax collection INR 27.147 tln, up 4.9% 

--Govt: Apr 1-Mar 17 net direct tax collection INR 22.802 tln, up 7.2% 

--Govt: Apr 1-Mar 17 direct tax refunds INR 4.345 tln, down 5.9% 

--Govt: Apr 1-Mar 17 net corporate tax collection INR 10.918 tln, up 12.8% 

--Govt: Apr 1-Mar 17 STT collection INR 557.17 bln, up 4.9% 

--Govt: Apr 1-Mar 17 direct tax collection 94.2% of FY26 revised Budget aim

 

NEW DELHI – The government's net direct tax collections rose 7.2% on year to INR 22.802 trillion during Apr. 1-Mar. 17, buoyed by a 12.8% increase in corporate tax collections and a fall in refunds, data released by the finance ministry on Wednesday showed. Net direct tax collections so far have accounted for 94.2% 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 original 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 27.147 trillion in direct taxes till Tuesday, up 4.9% on year. The government has issued refunds worth INR 4.345 trillion this year as of Tuesday, down 5.9% from a year ago. 

 

Net corporate tax collections rose 12.8% on year to INR 10.918 trillion, and non-corporate tax collections grew 2.7% on year to INR 11.324 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 collected INR 557.17 billion in securities transaction tax till Tuesday, up 4.9% on year. According to the revised estimate, the government aims to collect INR 636.70 billion from securities transaction tax in FY26.

 

Advance tax collections, an indicator of corporate profitability and individual incomes, rose 6.4% on year to INR 11.131 trillion during Apr. 1-Mar. 17. Advance tax is paid in four instalments – in June, September, December, and March.  End

 

Reported by Priyasmita Dutta

Edited by Saji George Titus

 

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