The Income Tax Department has said that Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore between April 1, 2025 and January 11, 2026 period, as compared with Rs 16.89 lakh crore collected during the same period last year. During the periods, the corporate tax (CT) collection recorded a growth of 12.37% to around Rs 8.63 lakh crore as compared to around Rs 7.68 lakh crore in same period last year.  

Further, the data showed the non - corporate tax collection (NCT) grew 6.41% to around Rs 9.30 lakh crore in April to January period as compared to around Rs 8.74 lakh crore in same period last year. The collection of Securities Transaction Tax (STT) stood at Rs 44,867 crore between April 1 and January 11, registering a flat growth compared to the same period last year. Refunds dropped 17 per cent to Rs 3.12 lakh crore during the period.

Gross direct tax collection increased 4.14 per cent to about Rs 21.50 lakh crore till January 11 of this fiscal as compared to Rs 20.64 lakh crore in same period last year.  This includes gross corporate tax and non-corporate tax collection of Rs 10.47 lakh crore and Rs 10.58 lakh crore, respectively. In the current fiscal (FY26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.