Net direct tax kitty rose 9% till Jan 11

The Centre's net direct tax collections rose 8.8 percent year-on-year (Yo-Y) to %418.38 trillion as of January 11, 2025-26 (FY26), largely due to a moderation in refunds, according to provisional data released by the Central Board of Direct Taxes (CBDT).

- MONIKA YADAV

The growth islowerthan the 12.6 per cent increase projected in the FY26 Budget.

Gross direct tax collections stood at nearly €21.5 trillion, up 4.14 per cent from %20.64 trillion in the corresponding period last year. Refunds issued during the period fell 16.9 per cent to %3.12 trillion, compared with %3.75 trillion ayear earlier.

Experts said the relatively modest growth in gross collections could partly reflect lower personal income-tax rates and muted corporate earnings.