business / news / / The New Indian Express
Net direct tax collections rose 5.12% year-on-year to Rs23.40 lakh crore in FY26.
India's net direct tax collections missed the FY26 revised estimate by about Rs80,000 crore.
KEY POINTS
- 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
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