Net direct tax collection up 7% so far in FY26

India’s net direct tax collection until November 10 in 2025-26 (FY26) grew 7 per cent to %12.92 trillion, aided by lower refunds, according to provisional data from the Central Board of Direct Taxes (CBDT).

- MONIKA YADAV

Net corporate tax collection rose 5.7 per cent to $5.37 trillion while non-corporate tax collection — paid by individuals, Hindu undivided families (HUFs), firms, association of persons (AOPs), body of individuals (BOIs), and other entities — increased 8.7 per cent to 7.19 trillion. Securities transaction tax (STT) contributed %35,682 crore, 0.67 per cent lower than last year’s, reflecting lack-lustre equity market turnover.

The Centre has budgeted %25.2 trillion in direct tax collection for FY26. In the previous year, net direct taxes rose 13.6 per cent to 222.26 trillion, surpassing the Budget estimate.