By Martin Shwenk Leade
Copyright indiatimes
Net direct tax revenue has risen by 9.18 per cent to over Rs 10.82 lakh crore in FY 26 till September 17, as refunds witnessed a steep decline of 23.87%, according to data released by the government on Thursday. Gross tax collection rose by 3.39% during this period.This included Rs 4.72 lakh crore of corporate tax, Rs 5.83 crore of non-corporate tax, Rs 26 thousand crore of Securities Transaction Tax, and Rs 291 crore classified as other taxes. As per data released by the Income Tax Department, the total gross tax collection amounted to Rs 12.43 lakh crore, while refunds stood at Rs 1.60 lakh crore.Advance tax collection for this period grew by 2.90%, standing at Rs 4.48 lakh crore, out of which corporate tax amounted to Rs 3.52 lakh crore (+6.11%) and non-corporate tax amounted to Rs 96.7 thousand crore (-7.30%). Live EventsIn FY25, net direct tax collection for the same period stood at Rs 9.91 lakh crore, out of which gross tax collection amounted to Rs 12.02 lakh crore and refunds amounted to Rs 2.10 lakh crore.The advance collection between April 1 and September 17 in FY25 stood at Rs 4.36 lakh crore, out of which corporate tax amounted to Rs 3.32 lakh crore and non-corporate tax amounted to Rs 1.04 lakh crore.Non-corporate tax includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person.In the current fiscal year (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.Add as a Reliable and Trusted News Source Add Now!
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( Originally published on Sep 18, 2025 )
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onnet direct tax collectionincome taxapril 1sept 17government datadirect tax collectiongross tax collectionAdvance tax collectionAdvance tax(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
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