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India’s net direct tax collections reached Rs 1,70,4725 crore as of December 17, 2025, marking an 8 per cent increase over the same period last year, according to data released by the Income Tax Department.

Gross collections for the period stood at Rs 20,01,794 crore, up 4.16 per cent from Rs 19,21,932 crore in FY25. Refunds issued during the period declined 13.52 per cent, totalling Rs 2,97,069 crore compared with Rs 3,43,499 crore last year, contributing to the higher net collection.

Corporate and non-corporate tax contributions

Corporate tax collections increased from Rs 7,39,353 crore last year to Rs 8,17,310 crore, while non-corporate tax collections rose from Rs 7,96,181 crore to Rs 8,46,905 crore.

The net collections also included Securities Transaction Tax (STT) and other taxes, which collectively amounted to Rs 40,195 crore and Rs 315 crore, respectively.

Advance tax trends

Advance tax collections for FY26 totalled Rs 7,88,388 crore, a 4.27 per cent increase over last year. Corporate advance tax rose by 7.98 per cent to Rs 6,07,300 crore, while non-corporate advance tax declined by 6.49 per cent to Rs 1,81,088 crore.

This is a developing copy.