India's Direct Tax Collection Soars 8.8% to ₹18.37 Lakh Crore in FY25
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News18•12-01-2026, 22:41
India's Direct Tax Collection Soars 8.8% to ₹18.37 Lakh Crore in FY25
- •India's net direct tax collection reached ₹18.37 lakh crore from April 1 to January 11 in FY25, an 8.8% increase year-on-year.
- •Corporate tax collection stood at ₹8.63 lakh crore, while personal income tax collection was ₹9.29 lakh crore.
- •Tax refunds issued totaled ₹3.11 lakh crore, a 16.92% decrease compared to the previous year.
- •Gross direct tax collection rose 4.14% to ₹21.49 lakh crore, reflecting strong contributions from both companies and individuals.
- •Strong economic growth, with Morgan Stanley projecting 7.6% real GDP growth for FY26, is a key driver for robust tax collection.
Why It Matters: India's direct tax collection shows robust growth, driven by a strengthening economy and increased economic activity.
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