India’s direct tax revenues continue their upward trajectory, rising by over 23% year-on-year to ₹8.11 lakh crore by August 10, reflecting steady underlying momentum in tax inflows despite shifting refund patterns.
India’s direct tax revenues continued to climb in the current financial year, with net collections rising 23.09% year-on-year to ₹8.11 lakh crore by August 10, according to government data cited by The Economic Times. Gross direct tax receipts increased 19.75% to ₹9.55 lakh crore over the same period, even as refunds edged higher, pointing to steady underlying momentum in tax inflows.
Corporate taxes accounted for ₹2.70 lakh crore in net collections, up from ₹2.26 lakh crore a year earlier. Net non-corporate collections, which include payments from individuals, Hindu Undivided Families, firms and other entities, rose to ₹5.07 lakh crore from ₹4.11 lakh crore. The Securities Transaction Tax also posted a sharp gain, with net collections reaching ₹33,823.74 crore against ₹22,354.31 crore in the comparable period last year.
The data also showed that refunds totalled ₹1.43 lakh crore, a rise of 3.79% from a year earlier. Gross corporate tax collections advanced to ₹3.80 lakh crore from ₹3.32 lakh crore, while gross non-corporate collections climbed to ₹5.41 lakh crore from ₹4.43 lakh crore. Other taxes were broadly flat to slightly negative, underscoring that the main drivers of growth remained corporate and individual income tax receipts.
The latest figures follow a year in which India’s direct tax system had already been showing resilience. Business Standard reported that net direct tax collections for fiscal 2025-26 rose 5.12% to more than ₹23.40 lakh crore, while Mint said receipts had reached ₹19.43 lakh crore by February 10, 2026, helped by lower refunds and solid compliance. Together, those earlier readings suggest that the tax base has remained firm, even as the pace of refunds and the mix between corporate and personal tax payments has shifted through the year.
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