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Mar 19, 2026
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India’s tax coffers swell as direct tax collections cross Rs 22.8 lakh crore, up 7.2%
India’s net direct tax collections grew 7.19% year-on-year to Rs 22.80 lakh crore as of March 17, 2026, according to the latest provisional data released by the tax department.
The overall net direct tax mop-up includes net corporate tax of Rs 10.91 lakh crore, non-corporate tax of Rs 11.32 lakh crore and securities transaction tax (STT) of Rs 55,717 crore.
Advance tax collections during the period rose 6.42% to Rs 11.13 lakh crore, with the increase partly moderated by weaker growth in non-corporate tax payments.
Before adjusting for refunds, gross direct tax collections stood at about Rs 27.15 lakh crore as of March 17, marking a 4.86% increase from Rs 25.89 lakh crore collected during the same period a year earlier.
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