India's net tax collection has risen 7% in FY26 so far, as against the year-ago period. (Photo source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India's net direct tax collection for the financial year 2025-26 has registered a 7% growth year-on-year to reach Rs 12.92 lakh crore, according to government data released on Tuesday.

As of Nov. 10, 2025, the gross collections rose 2.15% to reach Rs 15.35 lakh crore. On the other hand, total tax refunds declined 17.72% to Rs 2.42 lakh crore.

Corporate tax collection for the period was recorded at Rs 6.91 lakh crore while tax refunds stood at Rs 1.54 lakh crore, amounting to a net corporate tax collection of Rs 5.37 lakh crore.

The gross non-corporate tax which consists of Rs 1.54 lakh crore taxes paid by individ

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