# Government’s net direct tax collections grew 5.12 per cent to over Rs 23.40 lakh crore in 2025-26.

*business · news · 2026-05-04 · Daily Excelsior*

## Key points

- Net direct tax collections for 2025-26 reached Rs 23.40 lakh crore, missing the revised target.
- Corporate tax collection was Rs 10.99 lakh crore, below the revised estimate of Rs 11.09 lakh crore.
- Personal income tax including Securities Transaction Tax amounted to Rs 12.41 lakh crore in FY26.
- Refund issuance dropped 1.09 percent year-on-year to Rs 4.71 lakh crore during 2025-26.
- Gross direct tax collection rose 4.03 percent to Rs 28.12 lakh crore in 2025-26.

**Countries:** India

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/net-direct-tax-collection-rises-5-pc-to-rs-23-40-lakh-cr-in-fy26-but-falls-short-of-revised-estimates/)

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