Collections jump 7% in the current financial year, with net direct tax collections rising to ₹12.92 lakh crore.

Tax collections from individual taxpayers and HUFs (Hindu Undivided Families) increased to ₹7.19 lakh crore, compared to ₹6.62 lakh crore in the same period last year.

Direct Tax Collections: Significant positive news has emerged regarding the country's tax collections. Direct tax collections have increased by nearly 7 percent in the current financial year, bringing the total collections to over ₹12.92 lakh crore. According to the latest data released by the government, the rate of refund issuance between April 1 and November 10, 2025, declined by 18 percent year-on-year to just over ₹2.42 lakh crore.

Increase in Corporate Tax

Net corporate tax collections during this period were approximately ₹5.37 lakh crore, compared to ₹5.08 lakh crore in the same period last fiscal year. This indicates stability in the corporate sector and improved profits.

Tax collections from individual taxpayers and HUFs (Hindu Undivided Families) increased to ₹7.19 lakh crore, compared to ₹6.62 lakh crore in the same period last year. This increase reflects strengthening personal income levels and improved tax compliance.

Status of Securities Transaction Tax (STT)

The government received ₹35,682 crore from Securities Transaction Tax (STT) during the period under review. Although this represents a slight decrease from ₹35,923 crore in the previous year, the government has set a target of ₹78,000 crore from STT in the financial year 2025–26.

Gross Direct Tax Collection, which includes both personal income tax and corporate tax, increased by 7% year-on-year to ₹12.92 lakh crore in the current financial year, as of November 10. In the same period a year ago, it was ₹12.08 lakh crore. Before refund adjustments, total gross direct tax collections exceeded ₹15.35 lakh crore, a 2.15 percent increase over the previous year.

Government Target and Expert Opinion

The government has projected total direct tax collections for the current financial year (2025–26) to be ₹25.20 lakh crore, a 12.7 percent increase over the previous year. Rohinton Sidhwa, Partner at Deloitte India, said these figures are a testament to the strong growth in non-corporate tax collections despite the reduction in interest rates. This indicates improving income levels and tax compliance in the Indian economy.

India's tax collection system is steadily strengthening. The increase in both corporate and personal taxes reflects improved income growth, formalization, and investment levels in the economy, maintaining momentum towards achieving the government's revenue targets.