The data presents Direct Tax Collections for FY 2025-26 as on 11 January 2026, compared with the corresponding period in FY 2024-25 (as on 11 January 2025), across four heads—Corporate Tax (CT), Non-Corporate Tax (NCT), Securities Transaction Tax (STT), and Other Taxes (OT)—showing Gross, Refunds, and Net collections.
1) Gross Collections: Modest overall growth
Total gross direct tax collection rose from ₹20,64,350.94 crore to ₹21,49,831.89 crore, reflecting 4.14% growth.
-
Corporate Tax increased from ₹9,71,851.07 crore to ₹10,46,574.28 crore, indicating improvement in corporate tax inflows.
-
Non-Corporate Tax also rose from ₹10,45,093.86 crore to ₹10,58,046.13 crore.
-
STT remained broadly stable (₹44,537.76 crore to ₹44,866.52 crore).
-
Other Taxes sharply declined (₹2,868.25 crore to ₹344.96 crore), significantly pulling down that category.
2) Refunds: Significant reduction, especially in NCT
Total refunds reduced from ₹3,75,441.27 crore to ₹3,11,933.57 crore, i.e., (-)16.92%.
-
Corporate tax refunds fell from ₹2,04,111.05 crore to ₹1,83,535.40 crore.
-
A sharper drop is seen in NCT refunds from ₹1,71,281.34 crore to ₹1,28,374.44 crore.
-
Refunds for STT are nil in both years.
-
OT refunds reduced marginally.
3) Net Collections: Stronger growth driven by lower refunds
The key outcome is net collection growth: total net direct tax collection increased from ₹16,88,909.67 crore to ₹18,37,898.32 crore, i.e., 8.82% growth—higher than gross growth.
This indicates that the rise in net collections is driven not only by higher collections but also by reduced refunds, especially in the non-corporate segment. In simple terms, better retention (lower outflow as refunds) has improved the net revenue position.
Direct Tax Collections for F.Y. 2025-26 (as on 11.01.2026)
(Rs. In Crore)
FY 2024-25 (as on 11.01.2025) |
FY 2025-26 (as on 11.01.2026) |
||||||||||
Corporate
|
Non*-
|
STT |
Other taxes (OT) |
Total |
Corporate
|
Non*- Corporate Tax (NCT) |
STT |
Other
|
Total |
% Growth |
|
Gross Collection |
9,71,8 51.07 |
10,45, 093.86 |
44,537.76 |
2,868.25 |
20,64, 350.94 |
10,46, 574.28 |
10,58, 046.13 |
44,866.52 |
344.96 |
21,49, 831.89 |
4.14% |
Refunds |
2,04,1 11.05 |
1,71, 281.34 |
0.00 |
48.88 |
3,75,441.27 |
1,83,535.40 |
1,28, 374.44 |
0.00 |
23.73 |
3,11, 933.57 |
-16.92% |
Net Collection |
7,67,740.02 |
8,73,812.52 |
44,537.76 |
2,819.37 |
16,88,909.67 |
8,63,038.88 |
9,29,671.69 |
44,866.52 |
321.23 |
18,37,898.32 |
8.82% |
Source: TINMIS
* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person
STT = Securities Transaction Tax
