New Delhi, May 5 (BNP): India’s net direct tax collections recorded steady growth in the financial year 2025–26, rising 5.12% year-on-year to ₹23,40,406 crore, according to data released by the Central Board of Direct Taxes (CBDT).
Gross direct tax collections for the fiscal stood at ₹28,11,936 crore, marking a 4.03% increase compared to the previous financial year. The growth was driven by stable inflows from both corporate and non-corporate tax segments, reflecting consistent economic activity and improved compliance levels.
Corporate tax collections showed strong performance, increasing to ₹13,81,606 crore from ₹12,72,542 crore in FY25. Non-corporate tax collections, which include taxes paid by individuals, HUFs, and other entities, stood at ₹13,72,474 crore.
Collections from Securities Transaction Tax (STT) also saw an uptick, reaching ₹57,522 crore during the fiscal year.
Meanwhile, refunds issued declined slightly by 1.09% to ₹4,71,531 crore, which contributed to higher net tax collections. Analysts noted that the overall figures indicate steady tax buoyancy and efficient tax administration despite global economic uncertainties.
The data reflects a balanced contribution from corporate and individual taxpayers, underscoring the resilience of India’s tax system.
