Overview
- Net corporate tax reached ₹8.63 lakh crore, up about 12.4%, while non-corporate receipts rose 6.4% to ₹9.30 lakh crore.
- Gross direct tax collections totaled roughly ₹21.50 lakh crore, with refunds down 17% year-on-year to ₹3.12 lakh crore.
- Securities Transaction Tax collections stood at ₹44,867 crore through January 11 against a full-year goal of ₹78,000 crore.
- Year-to-date growth remains below the budgeted 12.7% increase needed to meet the ₹25.20 lakh crore direct tax target for FY26.
- Deloitte’s Rohinton Sidhwa said the pace looks encouraging yet largely reflects fewer refunds, with the reasons for the divergence unclear.