By Martin Shwenk Leade

Copyright indiatimes

AgenciesRepresentational Image

New Delhi: India’s net direct tax collections rose 9.18% year-on-year to ₹10.82 lakh crore as on September 17, despite muted second quarter advance tax payments, official data showed. Advance tax payments in second quarter grew 2.9% ₹4.48 lakh crore.Gross collections rose 3.39% to ₹12.43 lakh crore.The collections include ₹4.72 lakh crore in corporate tax and ₹5.83 lakh crore in personal income-tax, with security transaction tax of ₹26,305.72 crore.The Centre issued ₹1.60 lakh crore of refunds as on September 17, which was 23.87% lower than the refunds issued last year.Officials are confident of meeting the target, despite muted advanced tax collections. “The net collection is still growing at closer to double digit and we are confident of meeting targets,” a senior official told ET.Live EventsThe Centre has budgeted ₹25.2 lakh crore in net direct tax revenue for FY26, up from ₹22.3 lakh crore in FY25, when collections rose 13.6%, exceeding initial budgeted target.Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)

Read More News ondirect tax collectionsIndianet tax revenueadvance tax paymentsFY26 targetCentre

(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

(You can now subscribe to our Economic Times WhatsApp channel)Read More News ondirect tax collectionsIndianet tax revenueadvance tax paymentsFY26 targetCentre(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories