India net direct tax collection – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 18 Sep 2026 11:40:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.1 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png India net direct tax collection – Artifex.News https://artifex.news 32 32 Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17 https://artifex.news/article71480346-ece/ Fri, 18 Sep 2026 11:40:00 +0000 https://artifex.news/article71480346-ece/ Read More “Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17” »

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Photo used for representative purpose only. File
| Photo Credit: Reuters

The government’s net direct tax collection rose 13% to over ₹12.12 lakh crore till September 17 of the current fiscal on higher advance tax mop-up, according to the latest data released on Friday (September 18, 2026).

Corporate tax mop-up grew 19.48% to about ₹5.56 lakh crore, while non-corporate tax (individuals and HUFs) mop-up increased 6% to over ₹6.16 lakh crore. Securities Transactions Tax (STT) collection grew 53% to ₹40,214 crore between April 1 and September 17, 2026.

Refund issuance jumped 29.19% to over ₹2.20 lakh crore till September 17, the data released by the Central Board of Direct Taxes (CBDT) showed.

Gross direct tax collection clocked a 15% growth totalling over ₹14.32 lakh crore.

Advance Tax mop-up till September 17 increased 16.18% to about ₹5.22 lakh crore. This included an 18% growth in advance corporate tax payments at over ₹4.16 lakh crore, and a 9.24% rise in non-corporate advance tax payments of ₹1.06 lakh crore.

Published – September 18, 2026 05:10 pm IST



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]]> Net tax receipts up 19.5%, corporate tax share at 36.6% https://artifex.news/article68397829-ece/ Fri, 12 Jul 2024 17:46:40 +0000 https://artifex.news/article68397829-ece/ Read More “Net tax receipts up 19.5%, corporate tax share at 36.6%” »

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Personal income tax receipts constituted 60.2% of the net collections, while corporate taxes yielded 36.6% of net revenues. File
| Photo Credit: Reuters

Growth in India’s net direct tax collections slowed slightly to 19.54% by July 11, relative to a 21% rise recorded by June 17, with revenues hitting ₹5.74 lakh crore, the Income Tax department said on Friday.

Personal income tax (PIT) receipts constituted 60.2% of the net collections at ₹3.46 lakh crore, rising 21.4% year-on-year, while corporate taxes yielded 36.6% of net revenues at ₹2.1 lakh crore, reflecting a 12.5% growth.

With stock market trading volumes rising, receipts from the Securities Transaction Tax (STT) soared to ₹16,634 crore, 2.3 times the receipts at the same time last year. Combined with STT receipts, net PIT collections were up 24.1%, almost twice the growth recorded in net corporate taxes.

Corporates get 78% of refunds

By July 11, the Income Tax department had issued ₹70,902 crore as refunds to taxpayers, 62.5% higher than a year ago. Corporate taxpayers received 77.7% of these refunds, while personal tax payers got about ₹15,826 crore back.

Prior to refunds, gross tax collections stood at a little over ₹6.45 lakh crore, marking a 23.2% growth. Of this, corporate tax receipts were up 20.4% while PIT and STT revenues were up 25.3%.

In 2023-24, net direct tax revenues had risen 17.7% to ₹19.58 lakh crore, with PIT’s share rising to 53.3% from 50.06% in the previous year.



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]]> Net tax receipts up 19.5%, corporate tax share at 36.6% https://artifex.news/article68397829-ece-2/ Fri, 12 Jul 2024 17:46:40 +0000 https://artifex.news/article68397829-ece-2/ Read More “Net tax receipts up 19.5%, corporate tax share at 36.6%” »

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Personal income tax receipts constituted 60.2% of the net collections, while corporate taxes yielded 36.6% of net revenues. File
| Photo Credit: Reuters

Growth in India’s net direct tax collections slowed slightly to 19.54% by July 11, relative to a 21% rise recorded by June 17, with revenues hitting ₹5.74 lakh crore, the Income Tax department said on Friday.

Personal income tax (PIT) receipts constituted 60.2% of the net collections at ₹3.46 lakh crore, rising 21.4% year-on-year, while corporate taxes yielded 36.6% of net revenues at ₹2.1 lakh crore, reflecting a 12.5% growth.

With stock market trading volumes rising, receipts from the Securities Transaction Tax (STT) soared to ₹16,634 crore, 2.3 times the receipts at the same time last year. Combined with STT receipts, net PIT collections were up 24.1%, almost twice the growth recorded in net corporate taxes.

Corporates get 78% of refunds

By July 11, the Income Tax department had issued ₹70,902 crore as refunds to taxpayers, 62.5% higher than a year ago. Corporate taxpayers received 77.7% of these refunds, while personal tax payers got about ₹15,826 crore back.

Prior to refunds, gross tax collections stood at a little over ₹6.45 lakh crore, marking a 23.2% growth. Of this, corporate tax receipts were up 20.4% while PIT and STT revenues were up 25.3%.

In 2023-24, net direct tax revenues had risen 17.7% to ₹19.58 lakh crore, with PIT’s share rising to 53.3% from 50.06% in the previous year.



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