Now Reading: India’s direct tax collections jump 23% to Rs 8.11 lakh crore
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India’s direct tax collections jump 23% to Rs 8.11 lakh crore
India's net direct tax collections rose 23.09 per cent year-on-year to Rs 8.11 lakh crore as of August 10, 2026, the Income Tax Department said. Non-corporate tax led the growth, jumping 23.4…
The Story in Brief
India's net direct tax collections rose 23.09 per cent year-on-year to Rs 8.11 lakh crore as of August 10, 2026, the Income Tax Department said. Non-corporate tax led the growth, jumping 23.4 per cent to Rs 5.07 lakh crore. Corporate tax collections rose 19.8 per cent to Rs 2.70 lakh crore, while securities transaction tax surged to Rs 33,823 crore.
Gross collections stood at Rs 9.55 lakh crore, up 19.75 per cent. Refunds increased 3.79 per cent to Rs 1.43 lakh crore. The additional net revenue over the same period last year is Rs 1.52 lakh crore.
The Indian Opinion
The jump in direct tax collections will be seized upon as evidence of a strong economy. Yet the faster growth in non-corporate tax than corporate tax suggests individuals are bearing a heavier load. The government must show that this higher revenue translates into better public services, not just higher spending. The September quarterly advance tax numbers will be the real test of whether corporate earnings are truly recovering.
Source: cfo.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
