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India’s direct tax receipts grow 7% to ₹12.92 lakh crore in FY26
India’s direct tax revenues grew 7% to ₹12.
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.