Working In the financial year till January 11, net direct tax collection increased by 8.82 percent to more than Rs 18.38 lakh crore. This increase in net direct tax collection has been recorded due to reduction in refunds and increase in corporate tax collection. The Income Tax Department gave this information on Monday. According to the data released by the Income Tax Department, from April 1, 2025 to January 11, 2026, net corporate tax collection increased by 12.4 percent to more than Rs 8.63 lakh crore, while non-corporate tax (including individual taxpayers and HUF) collection increased by 6.39 percent to about Rs 9.30 lakh crore.
No significant change in securities transaction tax collection
According to the Income Tax Department, the collection from Securities Transaction Tax during this period remained almost stable at Rs 44,867 crore as compared to the same period a year ago. However, during this period, tax refunds declined by 17 percent on annual basis to Rs 3.12 lakh crore. Gross direct tax collection till January 11 in the current financial year increased by 4.14 percent on annual basis to about Rs 21.50 lakh crore. This includes total corporate tax collection of Rs 10.47 lakh crore and non-corporate tax collection of Rs 10.58 lakh crore.
Government has set a target of Rs 25.20 lakh crore for direct tax collection.
In the financial year 2025-26, the government has set the target of direct tax collection at Rs 25.20 lakh crore, which is 12.7 percent more than a year ago. The government aims to raise Rs 78,000 crore through securities transaction tax in financial year 2025-26. On these figures, Rohinton Sidhwa, Partner, Deloitte India, said that the increase of about 9 percent in net tax collection is encouraging and indicates that the government is moving towards achieving its target by the end of the financial year. However, Sidhwa said that this increase is mainly the result of a large decline in tax refunds and the reasons behind such differences in refund trends are not clear.
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