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Net Direct Tax Revenue: INR 10.82 lakh crore (+9.18% YoY)
Gross Tax Collection: INR 12.43 lakh crore (+3.39% YoY)
Corporate Tax: INR 4.72 lakh crore
Non-Corporate Tax: INR 5.83 lakh crore
Securities Transaction Tax (STT): INR 26,000 crore
Other Taxes: INR 291 crore
Refunds:INR 1.60 lakh crore (-23.87% YoY)
Advance Tax (part of gross collections)
Total: INR 4.48 lakh crore (+2.90% YoY)
Corporate Tax: INR 3.52 lakh crore (+6.11%)
Non-Corporate Tax: INR 96,700 crore (-7.30%)
Direct Tax Collections
| Category | FY 2024-25 | FY 2025-26 | % Growth |
|---|---|---|---|
| Gross Collection | INR 19,21,941.93 | INR 20,01,794.23 | 4.16% |
| Refunds | INR 3,43,499.23 | IN 2,97,069.42 | -13.52% |
| Net Collection | INR 15,78,442.71 | INR 17,04,725.21 | 8.00% |
Breakdown by Tax Type (FY 2025-26):
| Category | FY 2024-25 | FY 2025-26 | % Growth |
|---|---|---|---|
| Corporate Tax | INR 5,62,422.18 | INR 6,07,299.99 | 7.98% |
| Non-Corporate Tax | INR 1,93,656.40 | INR 1,81,087.93 | -6.49% |
| Total | INR 7,56,078.58 | INR 7,88,387.92 | 4.27% |
| Category | FY 2024‑25 (₹ Cr) | FY 2025‑26 (₹ Cr) | Growth |
|---|---|---|---|
| Corporate Tax (CT) | 924,813.81 | 994,577.20 | +7.55% |
| Non‑Corporate Tax (NCT) | 954,174.32 | 966,683.69 | +1.31% |
| STT | 40,114.02 | 40,194.77 | +0.20% |
| Other Taxes | 2,829.59 | 338.57 | -88% |
| Total | 1,921,931.74 | 2,001,794.23 | +4.16% |
Gross direct tax collection increased 4.16%, mainly driven by corporate tax growth.
| Category | FY 2024‑25 (₹ Cr) | FY 2025‑26 (₹ Cr) | Growth |
|---|---|---|---|
| Total Refunds | 343,499.23 | 297,069.02 | –13.52% |
Refund outgo reduced significantly, which contributes to higher net collections.
| FY | Net Collection (₹ Cr) |
|---|---|
| FY 2024‑25 | 1,578,432.51 |
| FY 2025‑26 | 1,704,725.21 |
Net Direct Tax Growth: 8.00%
Net collections are rising faster than gross collections because refunds have decreased sharply.
| Category | FY 2024‑25 (₹ Cr) | FY 2025‑26 (₹ Cr) | Growth |
|---|---|---|---|
| Corporate Tax (CT) | 562,422.18 | 607,299.99 | +7.98% |
| Non‑Corporate Tax (NCT) | 193,656.46 | 181,087.93 | –6.49% |
| Total | 756,078.58 | 788,387.92 | +4.27% |
Key Insight Corporate advance tax is growing strongly (~8%). & Non‑corporate advance tax fell (6.49% decline), possibly due to MSME stress or slower growth in individual business income. Following are Positive Indicators
Areas of Concern : Non‑corporate taxpayers show almost no growth in gross taxes and declining advance tax, signalling pressure on small businesses or more efficient tax planning. The data shows the corporate sector is performing better than the non‑corporate sector, government tax revenue growth remains stable at 4–8% depending on the metric, & lower refunds boost the government’s cash position mid‑year.
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