India’s net direct tax collections increase 5.12% in FY26 to just over ₹23.40 trillion, but fall short of the revised budget estimate for the fiscal year ending March 2026. According to Central Board of Direct Taxes (CBDT) figures cited by multiple outlets, net direct tax mop-up grows from ₹22.26 trillion in FY25 to ₹23.40 trillion in 2025-26. The government had projected higher collections in the revised estimates, setting a target of ₹24.21 trillion for net direct taxes. The revised figure includes corporate tax collections of ₹11.09 trillion and personal income tax (including Securities Transaction Tax) of ₹13.12 trillion. Actual outcomes show corporate tax mop-up increases to about ₹10.99 trillion, while personal income tax collections are around ₹12.41 trillion, leaving the overall total below the revised goal. One report also notes that corporate taxes rise strongly (reported as an 11.4% increase), while growth in personal income tax remains comparatively muted and does not fully meet the revised aim. Refund issuance dips year-on-year, falling 1.09% to ₹4.71 trillion in 2025-26.
India’s net direct tax collections rise 5.1% in FY26 but miss revised target
India’s net direct tax collections increase 5.12% in FY26 to just over ₹23.40 trillion, but fall short of the revised budget estimate for the fiscal year ending March 2026. According to Central Board...
- Net direct tax collections in India rise 5.12% in FY26 to just over ₹23.40 trillion from ₹22.26 trillion in FY25.
- The collections fall short of the revised estimates of ₹24.21 trillion for FY26.
- Corporate tax mop-up is about ₹10.99 trillion (while revised estimate is ₹11.09 trillion).
- Personal income tax (including STT) totals about ₹12.41 trillion, below the revised estimate of ₹13.12 trillion.
- Refunds in FY26 decline 1.09% year-on-year to ₹4.71 trillion.
Corporate taxes saw an 11.4% increase, while personal income tax collections exceeded FY25 but were still under the revised goal.
3 months agoNet direct tax collections rose 5.12% in FY26, missing revised estimates as non-corporate tax growth remained flat despite robust corporate tax collections
3 months agoGovernment's net direct tax collections grew 5.12 per cent to over Rs 23.40 lakh crore in 2025-26, but missed the revised budgeted target set for the fiscal year that ended March 2026. In the revised estimates (RE) for the fiscal year (2025-26), the government projected its direct tax collection at Rs 24.21 lakh crore. This included a corporate tax of Rs 11.09 lakh crore and personal income tax (including STT) of Rs 13.12 lakh crore. According to the data released by the Central Board of Direct Taxes (CBDT), net corporate tax mop-up was Rs 10.99 lakh crore, and personal income tax, including Securities Transaction Tax, was about Rs 12.41 lakh crore. Net direct tax collection (including corporate and non-corporate tax) came in at Rs 23.40 lakh crore in FY26, registering a 5.12 per cent growth over Rs 22.26 lakh crore collected in FY25. Refund issuance dipped 1.09 per cent year-on-year to Rs 4.71 lakh crore in 2025-26. Gross direct tax collection during the recently concluded fiscal
3 months ago
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