Direct Tax Collections: A big positive news related to the country’s tax collection has come to light. There has been an increase of about 7 percent in direct tax collection in the current financial year, due to which the total collection has increased to more than Rs 12.92 lakh crore. According to the latest data released by the government, between April 1 and November 10, 2025, the rate of refund issuance declined by 18 percent on an annual basis to a little more than Rs 2.42 lakh crore.
Increase in corporate tax
Net corporate tax collection during this period was approximately Rs 5.37 lakh crore, which was Rs 5.08 lakh crore in the same period of the last financial year. This indicates stability and improvement in profits in the corporate sector.
At the same time, the combined tax collection from individual taxpayers and HUF (Hindu Undivided Family) increased to Rs 7.19 lakh crore, which was Rs 6.62 lakh crore in the same period last year. This increase shows that personal income levels have strengthened and tax compliance has improved.
Status of Securities Transaction Tax (STT)
During the period under review, the government received Rs 35,682 crore from Securities Transaction Tax (STT). However, this shows a slight decrease compared to last year’s Rs 35,923 crore. Nevertheless, the government has set a target of raising Rs 78,000 crore from STT in the financial year 2025–26.
Gross Direct Tax Collection, which includes both personal income tax and corporate tax, increased by 7% year-on-year to Rs 12.92 lakh crore in the current financial year till November 10. It was Rs 12.08 lakh crore in the same period a year ago. Before refund adjustments, total gross direct tax collections stood at more than Rs 15.35 lakh crore, an increase of 2.15 per cent over the previous year.
Government’s goal and experts’ opinion
The government has estimated the total direct tax collection for the current financial year (2025–26) to be Rs 25.20 lakh crore, which is 12.7 percent more than the previous year. Rohinton Sidhwa, partner, Deloitte India, said that these figures are proof that despite the reduction in interest rates, there has been strong growth in non-corporate tax collections. This is a sign of improvement in income levels and tax compliance in the Indian economy.
India’s tax collection system is continuously getting stronger. The increase in both corporate and personal taxes reflects that income growth, formalization and investment levels in the economy are improving, thereby maintaining momentum towards achieving the government’s revenue targets.
Also read: Al-Falah’s black business under the guise of education! Know where the wires are connected from Dubai to
