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Informist, Monday, Jan. 12, 2026

 

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--Govt: Apr 1-Jan 11 direct tax collection 72.9% of FY26 Budget aim 
--Govt: Apr 1-Jan 11 STT collection INR 448.67 bln, up 0.7% 
--Govt: Apr 1-Jan 11 gross corporate tax collection INR 10.47 tln, up 7.7% 
--Govt: Apr 1-Jan 11 direct tax refunds INR 3.12 tln, down 16.9% 
--Govt: Apr 1-Jan 11 net direct tax collection INR 18.38 tln, up 8.8% 
--Govt: Apr 1-Jan 11 gross direct tax collection INR 21.50 tln, up 4.1%

 

NEW DELHI – The government's net direct tax collections during Apr. 1-Jan. 11 were up 8.8% on year at INR 18.38 trillion, buoyed by a robust increase in corporate tax collections and a sharp fall in refunds issued, data released by the finance ministry on Monday showed. Net direct tax collections have so far accounted for 72.9% of the Budget target of INR 25.20 trillion for the current financial year.

 

On a gross basis, the government collected INR 21.50 trillion, up 4.1% on year. The government has issued refunds worth INR 3.12 trillion this year as of Sunday, down 16.9% from a year ago.

 

Gross corporate tax collections rose 7.7% on year to INR 10.47 trillion and non-corporate tax collections were up 1.2% on year at INR 10.58 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 12.4% year to INR 8.63 trillion while non-corporate tax collections rose 6.4% on year to INR 9.30 trillion.

 

The government has projected total tax collections in 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 in FY25. The government aims to collect INR 780 billion from securities transaction tax in FY26. It has collected securities transaction tax to the tune of INR 448.67 billion till Sunday, up 0.7% on year.  End

 

Reported by Sagar Sen

Edited by Ashish Shirke

 

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