Net direct tax collections for the financial year 2025–26 have recorded a steady growth of 8.82 per cent, reaching ₹18.38 lakh crore as on January 11, 2026, according to provisional figures released by the Central Board of Direct Taxes (CBDT).
The net collections comprise corporate tax (CT) of ₹8.63 lakh crore and non-corporate tax (NCT) of ₹9.30 lakh crore, the latter including taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities and artificial juridical persons.
Securities Transaction Tax (STT) collections stood at ₹44,866.52 crore during the period from April 1, 2025 to January 11, 2026, reflecting stable revenue from capital market transactions.
Refunds and Gross Collections
- Refunds issued during the period amounted to ₹3.12 lakh crore, registering a decline of 16.92 per cent compared to the corresponding period of the previous financial year.
- Gross direct tax collections (before adjusting for refunds) grew by 4.14 per cent to ₹21.50 lakh crore as on January 11, 2026.
Outlook
For the current financial year 2025–26, the Government has projected direct tax collections of ₹25.20 lakh crore, representing a year-on-year growth of 12.7 per cent. Within this, collections from Securities Transaction Tax are estimated at ₹78,000 crore for the full year.
The provisional figures underscore the resilience of direct tax revenues and reflect continued economic activity and improved tax compliance during FY 2025–26.
The Data can be accessed at: https://incometaxindia.gov.in/news/direct-tax-collections-for-f.y.%202025-26-as-on-11.01.2026.pdf
