Net direct tax collection increased by 7% to ₹12.92 lakh crore by 10 November 2025. Gross collection stood at ₹15.35 lakh crore. This growth reflects better tax compliance and a strong economy.
New Delhi: Preliminary figures of direct tax collection till November 10, 2025 show that the net collection is Rs 12.92 lakh crore. In the same period of the last financial year, it was Rs 12.08 lakh crore, which shows an increase of 7.00 percent. The gross collection of direct taxes (before adjusting refunds) for the financial year 2025-26 is Rs 15.35 lakh crore, whereas it was Rs 15.03 lakh crore during the same period last year. This shows an increase of 2.15 percent.
Refunds worth Rs 2.43 lakh crore have been issued in the financial year 2025-26 till November 10, 2025, while refunds worth Rs 2.95 lakh crore were issued in the same period last year. This shows a decline of 17.72 percent. Gross corporate tax collection is Rs 6.91 lakh crore, while gross non-corporate tax collection (which includes taxes paid by individuals, HUF, firms, etc.) is Rs 8.08 lakh crore. Securities Transaction Tax (STT) collection stands at Rs 35,682 crore and collection under other taxes stands at Rs 335 crore.
After adjustment of refunds, net corporate tax collection is Rs 5.37 lakh crore and net non-corporate tax collection is Rs 7.19 lakh crore. This continued growth in direct tax collections reflects improved tax compliance, strong corporate earnings and the continued pick-up in personal income tax payments. This is a sign of the flexibility of the Indian economy.