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Net direct tax collection rises 9.40% till February 10 of FY26 on higher corporate tax

12 Feb 2026 Evaluate

The Income Tax Department in its latest data has showed that net direct tax collection grew 9.40 per cent to Rs 19,43,743.97 crore till February 10, 2026 in the fiscal year 2025-26 (FY26) as compared to Rs 17,76,728.11 crore in the corresponding period of previous year. The growth in next direct tax collection can be attribute to slower refunds and higher corporate tax mop-up.

As per the data, net corporate tax (CT) collection grew 14.50 per cent to Rs 889,752.90 crore in the reporting period over Rs 777,047.63 crore in the same period last year. Net Non-Corporate Tax (NCT) collection was Rs 10,03,385.52 crore in reporting period as compared to Rs 947,477.30 crore in the same period last year, a growth of 5.90 per cent. NCT includes taxes paid by individuals, Hindu Undivided Families (HUFs), Firms, Association of Persons (AoPs), Body of Individuals (BoIs), Local Authorities, Artificial Juridical Person. Net Securities Transaction Tax (STT) collection stood at Rs 50,279.17 crore between April 1 and February 10 of FY26, almost flat as compared to Rs 49,201.40 crore in the same period last year.

The data also showed that tax refund issuance nosedived 18.82 per cent to Rs 334,324.63 crore till February 10 of current fiscal year as compared to Rs 411,826.75 crore in the corresponding period of previous year. However, gross direct tax collection increased 4.09 per cent to Rs 22,78,068.60 crore till February 10 of this fiscal over Rs 2,188,554.86 crore in the same period last year. This includes gross CT and NCT mop-up of Rs 10,88,533.85 crore and Rs 11,38,897.14 crore, respectively. Meanwhile, in the Revised Estimates (RE) for current fiscal (2025-26), the government projected direct tax collection at Rs 24.84 lakh crore.

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