# India's direct tax collections saw a modest rise in FY26.

*business · news · 2026-05-04 · The Economic Times*

## Key points

- India's net direct tax collections in FY26 missed the revised target by ₹81,000 crore.
- Net corporate tax collections were ₹10.99 lakh crore, below the estimated ₹11.09 lakh crore.
- Personal income tax collections, including STT, were ₹12.41 lakh crore, below the ₹13.12 lakh crore target.
- Refunds issued declined by 1.09% year-on-year to ₹4.71 lakh crore.

**Companies:** EY India
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/economy/indicators/direct-tax-mop-up-misses-fy26-target-collections-rise-5/articleshow/130809801.cms)

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