India’s Net Direct Tax Collections Rise 7% to ₹12.92 Lakh Crore in FY26 YTD

India’s net direct tax collection so far in FY26 has reached ₹12.92 lakh crore, up 7% year-on-year, according to official data from the Central Board of Direct Taxes. The rise reflects strong compliance and robust corporate and salaried segment performance. Government expenditure plans remain intact, supporting fiscal stability. 

The improved tax momentum provides greater flexibility for infrastructure and social-welfare spending, although economists caution that tax buoyancy needs to be sustained and matched with actual growth performance in key sectors.