In the current financial year 2025-26, the net direct tax collection has been Rs 5.63 lakh crore so far. This is 1.34 percent less than a year ago figure. This is mainly due to high levels of refund. This information has been received from the government data released on 11 July. The figures are from 1 April to 10 July 2025. A year ago, Net Direct Tax Collection was Rs 5.70 lakh crore in the same period.
Till July 10, the net corporate tax collection was around Rs 2 lakh crore, while the non-corporate tax was Rs 3.45 lakh crore. The security transaction tax collection was Rs 17,874 crore between 1 April to 10 July 2025.
Refund and gross tax collection status
The net refunds released so far in the current financial year 2025-26 increased by 38 percent to Rs 1.02 lakh crore. From 1 April to 10 July 2025, the gross direct tax collection (before refund) was Rs 6.65 lakh crore. This is 3.17 percent more than Rs 6.44 lakh crore in the same period of a year ago.
Government’s direct tax collection target in FY26
In the current financial year 2025-26, the government has estimated the direct tax collection to be Rs 25.20 lakh crore. This is 12.7 percent more than a year ago. The government achieved 18.21 percent of its direct tax target by June 19. The government aims to get Rs 78,000 crore from Securities Transaction Tax (STT) in the current financial year.