India’s Net Direct Tax Collections Up 7% to ₹12.92 Lakh Crore
India’s net direct tax collections rose 7% to Rs. 12.92 lakh crore till November 10, 2025, driven by higher corporate and personal income tax receipts.
India’s net direct tax collections have gone up by 7% to Rs. 12.92 lakh crore till November 10, 2025, compared to Rs. 12.07 lakh crore collected during the same period last year. The latest data from the Income Tax Department shows that both corporate tax and personal income tax collections have grown steadily this year.
The total gross direct tax collections, which include all taxes before refunds, stood at Rs. 15.35 lakh crore in the current financial year 2025-26. This is slightly higher than Rs. 15.02 lakh crore collected during the same period in 2024-25, showing a growth of about 2%.
Corporate tax collections rose from Rs. 6.60 lakh crore last year to Rs. 6.91 lakh crore this year, an increase of nearly 5%. Non-corporate tax collections, which mainly include income tax paid by individuals, firms, and other non-corporate entities, went up from Rs. 8.03 lakh crore to Rs. 8.08 lakh crore.
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The report also shows that the government has given fewer refunds this year. Refunds fell by about 18% to Rs. 2.42 lakh crore compared to Rs. 2.95 lakh crore last year. Because of the drop in refunds, the government’s net tax collections have increased.
After refunds, net corporate tax collections stood at Rs. 5.37 lakh crore, up from Rs. 5.08 lakh crore a year ago. Net non-corporate tax collections increased from Rs. 6.62 lakh crore to Rs. 7.19 lakh crore, showing a healthy rise of nearly 9%.
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This growth in tax collections shows a strong economy, better income reporting, and higher compliance among taxpayers. The increase in corporate tax collections also reflects stable business profits, while the higher personal income tax numbers show more individuals are earning and paying taxes.
The steady rise in direct tax revenue will help the government meet its fiscal targets and support spending on public infrastructure, welfare schemes, and other development projects. The overall trend indicates that India’s tax base is expanding, with both businesses and individuals contributing more to the country’s financial growth.
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