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The Central government’s gross direct tax collections increased 2.36 per cent year-on-year in the current financial year up to October 12, 2025, according to data released by the Income Tax Department.
Between April 1 and October 12, 2025, total gross collections were Rs 13,92,161.49 crore, compared to Rs 13,60,027.21 crore in the same period during last year. The figures show an increase in tax inflows.
The data showed that gross corporate tax collection has increased to Rs 6,42,658.28 crore so far in FY26, which is around Rs 30,000 crore higher than the previous year’s figure of Rs 6,12,579.32 crore.
The non-corporate tax collection, which has taxes paid by individuals, HUFs, firms, and local authorities, has also seen a small increase with Rs 7,18,323.63 crore from Rs 7,14,637.56 crore last year.
However, the pace of tax refunds has slowed down this year. The total refunds issued up to October 12, 2025, amounted to Rs 2,03,107.32 crore, its a 15.98 per cent decline compared to Rs 2,41,748.88 crore in the same period of FY25.
Non-corporate tax refunds have seen a major fall, dropping to Rs 62,359.29 crore this year from Rs 1,20,939.70 crore last year, showing a delay in refund processing for individual and small business taxpayers.
After adjusting for refunds, the net direct tax collection for FY26 stood at Rs 11,89,054.17 crore, representing a 6.33 per cent growth over the Rs 11,18,278.33 crore collected during the corresponding period last year.
The data also highlights that while the overall direct tax collections continue to grow steadily, the slowdown in refund disbursals, especially in the non-corporate segment, has contributed to a higher net revenue inflow for the government.
(With Inputs From ANI)
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