Particle.news
Download on the App Store
7 ARTICLES
·
2h ago

India’s Net Direct Tax Take Up 6.3% to Rs 11.89 Lakh Crore as Refunds Tighten

Enhanced refund scrutiny is boosting the mid-year haul toward the FY26 target.

Image
Image
Image
Image

Overview

  • Net direct tax collections reached Rs 11.89 lakh crore through October 12, reflecting a 6.33% year-on-year increase.
  • Gross direct tax collections stood at Rs 13.92 lakh crore, up 2.36% before adjusting for refunds.
  • Refund issuances fell 16% to Rs 2.03 lakh crore, with tax officials citing automated validations and added risk checks for higher-value claims.
  • Non-corporate refunds dropped sharply to Rs 62,359 crore from over Rs 1.2 lakh crore a year earlier, according to official data cited by Economic Times.
  • Net corporate tax was about Rs 5.02 lakh crore and non-corporate about Rs 6.56 lakh crore, while STT receipts were Rs 30,878 crore against an FY26 STT goal of Rs 78,000 crore and a direct tax target of Rs 25.20 lakh crore.