As of November 10, 2025, India’s gross direct tax collections for FY 2025–26 stood at ₹15.35 lakh crore, showing a 2.15% increase over the ₹15.02 lakh crore collected in the corresponding period of FY 2024–25. Corporate tax collections rose to ₹6.91 lakh crore, while non-corporate tax collections stood at ₹8.08 lakh crore. Refunds issued declined sharply by 17.72%, totaling ₹2.43 lakh crore, compared to ₹2.95 lakh crore in the previous year. Consequently, net direct tax collections registered a 7% growth, reaching ₹12.92 lakh crore, as against ₹12.08 lakh crore last year. Securities Transaction Tax (STT) collections remained stable at around ₹35,682 crore, and other taxes contributed ₹314 crore. The data reflects continued buoyancy in direct tax revenues, with both corporate and non-corporate segments showing consistent performance, supported by higher tax inflows and lower refunds.
Direct Tax Collections for F.Y. 2025-26 as on 10.11.2025
(Rs. In Crore)
FY 2024-25 (as on 10.11.2024) | FY 2025-26 (as on 10.11.2025) | ||||||||||
Corporate | Non*- | Securities | Other taxes (OT) | Total | Corporate | Non*- Corporate Tax (NCT) | Securities | Other taxes (OT) | Total | Percentage Growth | |
Gross Collection | 6,60,442.91 | 8,03,934.70 | 35,922.82 | 2,394.42 | 15,02,694.85 | 6,90,984.37 | 8,08,026.36 | 35,681.88 | 334.62 | 15,35,027.23 | 2.15% |
Refunds | 1,52,533.35 | 1,42,186.03 | 0.00 | 36.36 | 2,94,755.74 | 1,53,966.23 | 88,548.10 | 0.00 | 20.39 | 2,42,534.72 | -17.72% |
Net Collection | 5,07,909.56 | 6,61,748.67 | 35,922.82 | 2,358.06 | 12,07,939.11 | 5,37,018.14 | 7,19,478.26 | 35,681.88 | 314.23 | 12,92,492.51 | 7.00% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
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As of October 12, 2025, India’s direct tax collections for FY 2025–26 recorded a 6.33% growth compared to the same period in the previous year. The total net collection stood at ₹11,89,054.17 crore, up from ₹11,18,278.33 crore in FY 2024–25. Gross direct tax collections rose by 2.36%, from ₹13,60,027.21 crore to ₹13,92,161.49 crore, reflecting steady corporate and non-corporate tax inflows. Corporate tax collections increased from ₹6,12,579.32 crore to ₹6,42,658.28 crore, while non-corporate tax receipts (comprising taxes from individuals, HUFs, firms, and other entities) rose from ₹7,14,637.56 crore to ₹7,18,323.63 crore. Collections from Securities Transaction Tax (STT) also grew slightly to ₹30,878.46 crore. Refund outflows fell by 15.98%, from ₹2,41,748.88 crore in FY 2024–25 to ₹2,03,107.32 crore in FY 2025–26, contributing to higher net realizations. The reduction in refunds indicates more efficient tax processing and compliance. Corporate and individual taxpayers together continue to account for the bulk of the direct tax base, while STT and other minor taxes maintain steady contributions. Overall, the data underscores consistent growth in India’s direct tax revenue, supported by stable corporate performance, rising personal income tax payments, and improved refund management in FY 2025–26.
Direct Tax Collections for F.Y. 2025-26 as on 12.10.2025
(Rs. In Crore)
FY 2024-25 (as on 12.10.2024) | FY 2025-26 (as on 12.10.2025) | ||||||||||
Corporate | Non*- | Securities | Other taxes (OT) | Total | Corporate | Non*- Corporate Tax(NCT) | Securities | Other | Total | Percentage Growth | |
Gross Collection | 6,12,579.32 | 7,14,637.56 | 30,629.97 | 2,180.36 | 13,60,027.21 | 6,42,658.28 | 7,18,323.63 | 30,878.46 | 301.12 | 13,92,161.49 | 2.36% |
Refunds | 1,20,781.18 | 1,20,939.70 | 0.00 | 28.00 | 2,41,748.88 | 1,40,740.59 | 62,359.29 | 0.00 | 7.44 | 2,03,107.32 | -15.98% |
Net Collection | 4,91,798.14 | 5,93,697.86 | 30,629.97 | 2,152.36 | 11,18,278.33 | 5,01,917.69 | 6,55,964.34 | 30,878.46 | 293.68 | 11,89,054.17 | 6.33% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
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From April 1 to September 17, 2025, India’s direct tax collections reached ₹1,243,106 crore, marking a 3.39% increase in gross collections compared to the same period in the previous fiscal year. Net collections, after accounting for refunds, totaled ₹1,082,579.39 crore, showing a growth of 9.18%. This growth was primarily driven by a 13.68% increase in net non-corporate tax collections, which amounted to ₹583,684.80 crore. However, net corporate tax collections saw a more modest growth of 4.93%, reaching ₹472,297.06 crore. Refunds processed during this period decreased by 23.87% to ₹160,526.61 crore. The report also highlights a 2.90% increase in advance tax collections, totaling ₹448,912.54 crore. While corporate advance tax collections grew by 6.11%, non-corporate advance tax collections experienced a decline of 7.30%.
Direct Tax Collections for F.Y. 2025-26 (as on 17.09.2025)
(Rs. In Crore)
FY 2024-25 (as on 17.09.2024) | FY 2025-26 (as on 17.09.2025) | ||||||||||
Corporate Tax (CT) | Non*- | Securities | Other taxes (OT) | Total | Corporate Tax (CT) | Non*- Corporate Tax(NCT) | Securities | Other | Total | Percentage Growth | |
Gross Collection | 559,002.27 | 615,368.50 | 26,154.11 | 1,844.96 | 1,202,369.84 | 595,511.63 | 620,991.52 | 26,305.72 | 297.13 | 1,243,106.00 | 3.39% |
Refunds | 108,914.04 | 101,916.01 | 0.00 | 27.58 | 210,857.63 | 123,214.57 | 37,306.72 | 0.00 | 5.32 | 160,526.61 | -23.87% |
Net Collection | 450,088.23 | 513,452.49 | 26,154.11 | 1,817.38 | 991,512.21 | 472,297.06 | 583,684.80 | 26,305.72 | 291.81 | 1,082,579.39 | 9.18% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
Advance Tax Collections for F.Y. 2025-26 (as on 17.09.2025)
(Rs. In Crore)
FY 2024-25 (as on 17.09.2024) | FY 2025-26 (as on 17.09.2025) | Percentage Growth | |||||||
Corporate Tax (CT) | Non*- | Total | Corporate Tax (CT) | Non*- | Total | Corporate Tax (CT) | Non*- | Total | |
Advance Tax | 331,844.88 | 104,410.94 | 436,255.82 | 352,128.60 | 96,783.94 | 448,912.54 | 6.11% | -7.30% | 2.90% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
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Net direct tax collections for the 2025-26 fiscal year, as of August 11, 2025, amounted to ₹6,63,874 crore, representing a -3.95% decline compared to the ₹6,91,153 crore collected during the same period in the previous fiscal year. This decrease is primarily attributed to a drop in Non-Corporate Tax (NCT) net collections, which fell to ₹4,12,274 crore from ₹4,45,480 crore in the prior year. Conversely, Corporate Tax (CT) net collections saw a slight increase of 2.92%, reaching ₹2,28,959 crore from ₹2,22,456 crore. Gross direct tax collections also experienced a downturn, totaling ₹7,98,822 crore, a -1.87% drop from the ₹8,14,048 crore collected by August 11, 2024. Refunds issued during the period increased by 9.81%, from ₹1,22,895 crore in the previous year to ₹1,34,948 crore in the current fiscal year.
(Rs. In Crore)
FY 2024-25 (as on 11.08.2024) | FY 2025-26 (as on 11.08.2025) | % growth | |||||||||
Corporate Tax (CT) | Non*-Corporate Tax (NCT) | STT | Other taxes (OT) | Total | Corporate Tax (CT) | Non*-Corporate Tax (NCT) | STT | Other taxes (OT) | Total | Total Growth | |
Gross Collec-tion | 308120 | 482693 | 21599 | 1,636 | 814048 | 332822 | 443355 | 22362 | 283 | 798822 | -1.87% |
Refunds | 85664 | 37213 | – | 18 | 122895 | 103863 | 31081 | – | 4 | 134948 | 9.81% |
Net Collec-tion | 222456 | 445480 | 21599 | 1,618 | 691153 | 228959 | 412274 | 22362 | 279 | 663874 | -3.95% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
STT – Securities Transaction Tax
Source: www.taxguru.in