India’s net direct tax collection increased 7.1% year-on-year to approximately Rs 22.8 lakh crore as of March 17 in the current fiscal, supported by higher corporate tax receipts and relatively slower refunds.
According to data released by the Income Tax Department, net corporate tax collections rose about 13% to Rs 9.68 lakh crore. Meanwhile, tax collections from non-corporates, including individuals and Hindu Undivided Families (HUFs), grew 3% to around Rs 11.32 lakh crore.
Additionally, Securities Transaction Tax (STT) collections stood at Rs 55,717 crore for the period from April 1, 2025, to March 17, 2026, marking a 5% increase compared to Rs 53,095 crore in the corresponding period of the previous fiscal.