Gross Tax Collections Reach ₹7.73 Lakh Crore

The government announced that net direct tax collections for the current financial year have reached ₹6.51 lakh crore as of this month, marking a 16% increase compared to the same period last year. The surge has been driven largely by higher corporate tax revenues, which grew by 22% to ₹2.40 lakh crore. Collections from personal income tax and Hindu Undivided Families also recorded a 12% rise, totaling ₹3.84 lakh crore. Additionally, Securities Transaction Tax (STT) witnessed a sharp 48% growth, reaching ₹26,429 crore.

Gross direct tax collections stood at ₹7.73 lakh crore, reflecting a 16.11% increase, with corporate taxes contributing ₹3.35 lakh crore. Refunds also rose by 14.57% to ₹1.22 lakh crore. The government has set a target of ₹26.97 lakh crore in direct tax collections for the full financial year, which is 15% higher than the ₹23.40 lakh crore collected in 2025–26, indicating a strong revenue outlook.