India's net direct tax collections jump 23% to Rs 8.11 lakh crore, non-corporate taxes lead gains

New Delhi: India's net direct tax collections surged 23.09% year-on-year to ₹8.11 lakh crore as of August 10, underscoring the strength in the economy. The sharpest gains came from non-corporate taxes, which include payments by individuals, HUFs, firms and other entities as the collections rose to ₹5.07 lakh crore, from ₹4.11 lakh crore a year earlier.

The last date for filing income-tax returns for salaried individuals for the financial year 2025-26 was July 31.

Net corporate tax collections climbed to ₹2.70 lakh crore from ₹2.26 lakh crore, up 19.83% against the same period last year.


Securities transaction tax also delivered a strong showing with collections rising to ₹33,823.74 crore from ₹22,354.31 crore, up 51%.

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The collection is expected to surge further with August 31 being the deadline for filing ITRs for businesses and professionals who do not need a tax audit.

"Despite the global headwinds, tax collections remain buoyant. However, a better picture will emerge after the advance tax numbers for the second quarter due on September 15," a senior official said.

Gross direct tax collections rose 19.75% to ₹9.55 lakh crore, compared with ₹7.97 lakh crore a year earlier. Refunds, meanwhile, increased just 3.79% to ₹1.43 lakh crore, helping net collections grow faster than the gross kitty.