Direct Tax Collection Soars 8% to ₹17 Lakh Crore by Mid-December

• Net direct tax collection surged 8% to ₹17.04 lakh crore between April 1 and December 17.
• The growth was primarily driven by a 14% slowdown in refund issuances, totaling ₹2.97 lakh crore.
• Corporate tax contributed ₹8.17 lakh crore, while non-corporate tax added ₹8.47 lakh crore.
• Gross direct tax collections reached over ₹20.01 lakh crore, marking a 4.16% growth.
• Government projects direct tax collection to hit ₹25.20 lakh crore in FY26, a 12.7% year-on-year increase.

Why It Matters: India's net direct tax collection grew 8% to ₹17.04 lakh crore, boosted by fewer refunds.