Direct Tax Collections Hit Rs 18.37 Lakh Crore, Up 8.8% YoY

• Net direct tax collections reached Rs 18.37 lakh crore between April 1 and January 11 of FY26.
• This represents an 8.8% year-on-year increase compared to the same period last fiscal year.
• The growth is lower than the 16.1% projection made in the Union Budget for FY26.
• Net corporate tax collections rose 12.41% to Rs 8.63 lakh crore, while non-corporate tax collections increased 6.39% to Rs 9.29 lakh crore.
• Refunds issued totaled Rs 3.11 lakh crore, a 16.91% decrease from the previous fiscal's Rs 3.75 lakh crore.

Why It Matters: Net direct tax collections grew 8.8% to Rs 18.37 lakh crore, falling short of budget projections.