New Delhi, May 4 (IANS). According to the data released by the Central Board of Direct Taxes (CBDT) on Monday, there has been a steady increase in the net direct tax collection in India during the financial year 2025-26, which increased by 5.12 percent to Rs 23,40,406 crore as compared to the previous year.
At the same time, the gross direct tax collection in this financial year was Rs 28,11,936 crore, which is 4.03 percent more than Rs 27,03,107 crore in the last financial year 2024-25.
This growth has been possible due to better collections from both corporate and non-corporate tax segments, reflecting stable activity in the economy and improved tax compliance.
A significant increase was seen in corporate tax collection, which increased to Rs 13,81,606 crore, compared to Rs 12,72,542 crore in the previous financial year.
Non-corporate tax collection, which includes individual taxpayers, Hindu undivided families (HUF), firms and other entities, stood at Rs 13,72,474 crore, slightly lower than Rs 13,73,905 crore for FY 2024-25.
During this period, collection from Securities Transaction Tax (STT) increased to Rs 57,522 crore.
There was also a slight decline in tax refunds issued during the financial year, which declined by 1.09 percent to Rs 4,71,531 crore, compared to Rs 4,76,732 crore last year.
The decline in refunds has boosted the growth of net tax collection, as a major part of the total collection remained with the government.
These figures point towards a balanced tax structure, where both corporate and individual taxpayers are contributing significantly to the revenue.
According to analysts, this steady growth in net tax collections reflects improved tax collection capacity and efficient administration, especially amid global economic uncertainties.
However, a slight decline in non-corporate tax collections may reflect fluctuations in personal income or tax planning trends, while a rise in corporate taxes points to stagnant profits across sectors.
Meanwhile, the Income Tax Department released the data on social media platform
–IANS
DBP
