# Net direct tax collections rose 5.12% year-on-year to Rs23.40 lakh crore in FY26.

*business · news · 2026-05-04 · The New Indian Express*

## Key points

- India's net direct tax collections missed the FY26 revised estimate by about Rs80,000 crore.
- Net non-corporate taxes were Rs70,000 crore below target, with Rs12.41 lakh crore collected.
- Corporate tax revenue grew 11.4% year-on-year, despite falling short of the Rs11.09 lakh crore target.
- Gross non-corporate tax collections declined marginally by 0.1% compared to the previous year.

**Companies:** Deloitte India
**Countries:** India

[Read the full story on The New Indian Express](https://www.newindianexpress.com/business/2026/May/04/direct-tax-collections-miss-fy26-revised-target-by-rs80000-crore)

---

Canonical: https://newsio.io/n/bcc04bb4-b817-49ae-aa8e-fe2e9f06fed2/net-direct-tax-collections-rose-5-12-year-on-year-to-rs23-40-lakh-crore-in-fy26
Summarized by Newsio from The New Indian Express. https://newsio.io/how-it-works