New Delhi, March 18 The net direct tax collection grew by 7.1 per cent to about Rs 22.8 lakh crore till March 17 of this fiscal, due to slower refunds and higher corporate tax collection.
Data released by the Income Tax Department on Wednesday showed that net corporate tax collection grew by about 13 per cent to Rs 9.68 lakh crore, and taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), increased by 3 per cent to around Rs 11.32 lakh crore.
The collection of Securities Transaction Tax stood at Rs 55,717 crore between April 1, 2025, and March 17, 2026, against Rs 53,095 crore in the same period of the previous fiscal, registering a rise of 5 per cent.
The issuance of tax refunds declined by 6 per cent to Rs 4.34 lakh crore during the period.
The department shared details of advance tax collection, stating that advance tax collection rose by 6.4 per cent to Rs 11.13 lakh crore in four installments.
The final installment of advance tax collection closed on March 15.
There was a 1.78 per cent decrease in advance tax collection in the non-corporate segment to Rs 2.83 lakh crore till March 17, 2026, compared to Rs 2.88 lakh crore during the same period of the previous financial year.
Regarding corporate tax, it grew by 9.5 per cent to Rs 8.29 lakh crore from Rs 7.57 lakh crore as of March 17, 2025.
Gross direct tax collection increased by 4.8 per cent to Rs 27.15 lakh crore till March 17 of this fiscal. This includes gross corporate tax and non-corporate tax collection of Rs 13.47 lakh crore and Rs 13.11 lakh crore, respectively.
In the Revised Estimates (RE) for the current fiscal (2025-26), the government has projected its direct tax collection at Rs 24.84 lakh crore.