India's Direct Tax Collection Rises 8.82%

• Net direct tax collection up 8.82% to ₹18.38 lakh crore this fiscal year.
• Corporate tax at ₹8.63 lakh crore; non-corporate tax at ₹9.30 lakh crore.
• Refunds fell 17% to ₹3.12 lakh crore; STT collection is at ₹44,867 crore.

Direct Tax Collection: Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department

said on Monday. The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore.

#NewsAlert | Direct tax collections stay strong!

Net mop-up at ₹18.38 lakh cr, up 8.8% YoY; gross collections at ₹21.5 lakh cr. Refunds down 16.9% so far this fiscal#DirectTax #TaxCollection #TaxRefunds pic.twitter.com/mWRKanm4ik

— ET NOW (@ETNOWlive) January 12, 2026

Securities Transaction Tax collection stood at Rs 44,867 crore between April 1 and January 11.

Refunds dropped 17 per cent to Rs 3.12 lakh crore during the period.

Gross direct tax collection increased 4.14 per cent to about Rs 21.50 lakh crore till January 11 of this fiscal.

In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year.
The government aims to collect Rs 78,000 crore from STT in FY26.