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1h agoIndia’s direct tax receipts grow 7% to ₹12.92 lakh crore in FY26
India’s net direct tax collections for FY26 rose 7% year-on-year, reaching ₹12.92 lakh crore as of November. The steady rise reflects improved compliance, robust corporate earnings, and growing formalization within the economy. Personal income tax and corporate tax segments both posted gains, aided by enhanced digital infrastructure and automation in return filing.
The finance ministry emphasized that this momentum supports fiscal deficit targets and strengthens central revenues ahead of the upcoming Union Budget, reinforcing India’s fiscal stability outlook.
positive
1h agoIndia’s direct tax receipts grow 7% to ₹12.92 lakh crore in FY26
India’s net direct tax collections for FY26 rose 7% year-on-year, reaching ₹12.92 lakh crore as of November. The steady rise reflects improved compliance, robust corporate earnings, and growing formalization within the economy. Personal income tax and corporate tax segments both posted gains, aided by enhanced digital infrastructure and automation in return filing.
The finance ministry emphasized that this momentum supports fiscal deficit targets and strengthens central revenues ahead of the upcoming Union Budget, reinforcing India’s fiscal stability outlook.
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India’s direct tax receipts grow 7% to ₹12.92 lakh crore in FY26
about 2 hours ago
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India’s direct tax revenues grew 7% to ₹12.92 lakh crore in FY26, supported by better compliance, strong earnings, and expanding digital tax infrastructure.
India’s net direct tax collections for FY26 rose 7% year-on-year, reaching ₹12.92 lakh crore as of November. The steady rise reflects improved compliance, robust corporate earnings, and growing formalization within the economy. Personal income tax and corporate tax segments both posted gains, aided by enhanced digital infrastructure and automation in return filing.
The finance ministry emphasized that this momentum supports fiscal deficit targets and strengthens central revenues ahead of the upcoming Union Budget, reinforcing India’s fiscal stability outlook.
India’s net direct tax collections for FY26 rose 7% year-on-year, reaching ₹12.92 lakh crore as of November. The steady rise reflects improved compliance, robust corporate earnings, and growing formalization within the economy. Personal income tax and corporate tax segments both posted gains, aided by enhanced digital infrastructure and automation in return filing.
The finance ministry emphasized that this momentum supports fiscal deficit targets and strengthens central revenues ahead of the upcoming Union Budget, reinforcing India’s fiscal stability outlook.
Tags:
economy
tax collection
economy
tax collection
India
finance ministry
Nov 12, 2025 • 13:37 IST