India’s net direct tax collections rise 16.4% YoY to Rs 6.51 lakh crore as of July 13

July 14, 2026 4:33 PM

India’s net direct tax collections rise 16.4% YoY to Rs 6.51 lakh crore as of July 13

India's net direct tax collections rose 16.4 per cent year-on-year to Rs 6.51 lakh crore as on July 13, 2026, reflecting healthy growth in both corporate and non-corporate tax receipts despite a rise in refunds, according to the latest data released by the Income Tax Department. The data showed that net collections increased from Rs 5.59 lakh crore in the corresponding period of the previous financial year. The growth was driven by robust gains in both corporate tax and non-corporate tax collec...

India’s direct tax collections rise 16% to ₹25.86 lakh crore

March 18, 2025 11:51 AM

India’s direct tax collections rise 16% to ₹25.86 lakh crore

India's direct tax collections have increased by 16.2%, totaling ₹25.86 lakh crore during the period from April 1, 2024, to March 16, 2025, as per the most recent figures from the Income Tax Department, compared to the same period in the previous financial year. Direct taxes include corporate tax, personal income tax, and securities transaction tax (STT). Corporate tax collections surged to ₹12.40 lakh crore in the current financial year, up from ₹10.1 lakh crore in the same period last y...