How Much Have India’s Net Direct Tax Collections Increased?
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Synopsis
Discover how India's net direct tax collections have surged by **7 percent**, hitting **Rs 12.92 lakh crore** this fiscal year. Learn about the factors driving this growth, including corporate and non-corporate tax trends, and the government's initiatives to boost the economy.
Key Takeaways
- Net direct tax collections increased by **7 percent**.
- Current total stands at **Rs 12.92 lakh crore**.
- Corporate tax collections rose to **Rs 5.37 lakh crore**.
- Refunds decreased by **18 percent** compared to last year.
- The government aims for a **12.7 percent** increase in tax collection targets.
New Delhi, Nov 11 (NationPress) India’s net direct tax collections have shown a remarkable 7 percent increase, reaching Rs 12.92 lakh crore from April 1 to November 10 of the current financial year, as per the official data released on Tuesday.
During the seven-month timeframe, refunds amounted to Rs 2.42 lakh crore, reflecting an 18 percent decrease compared to the same period last year.
Net corporate tax collections reached approximately Rs 5.37 lakh crore, up from Rs 5.08 lakh crore during the same timeframe of the financial year 2024-25.
Meanwhile, non-corporate tax collections, which encompass personal income tax from individuals and Hindu Undivided Families (HUFs), rose to Rs 7.19 lakh crore, an increase from Rs 6.62 lakh crore a year earlier.
However, collections from the Securities Transaction Tax (STT) saw a slight decline, totaling Rs 35,682 crore, compared to Rs 35,923 crore in the prior year.
Gross direct tax collections, before accounting for refunds, were estimated at Rs 15.35 lakh crore, marking a 2.15 percent increase from Rs 15.03 lakh crore during the same period last year.
In total, net direct tax collections, encompassing both personal income tax and corporate tax, have increased to Rs 12.92 lakh crore in the current financial year, compared to Rs 12.08 lakh crore during the same period of the previous year.
The government has set a target of Rs 25.20 lakh crore for direct tax collections, which signifies a 12.7 percent increase from the last year.
Finance Minister Nirmala Sitharaman announced major income tax relief measures aimed at putting more money in the pockets of the middle class to stimulate demand for goods and services, thereby driving economic growth. For individuals under the new tax regime, salaried taxpayers can earn up to Rs 12.75 lakh without a tax liability due to an enhanced standard deduction of Rs 75,000.
Additionally, the limits for Tax Deducted at Source (TDS) have been increased for various categories, such as on interest for senior citizens to Rs 1 lakh from Rs 50,000, and on rent to Rs 6 lakh annually from Rs 2.40 lakh.
Point of View
I firmly believe that the increase in India's net direct tax collections underscores a positive trend for the economy, reflecting both government initiatives and the resilience of taxpayers. It is a pivotal moment to assess how these financial measures impact the broader economic landscape and the daily lives of citizens.
NationPress
11/11/2025
Frequently Asked Questions
What is the percentage increase in India's net direct tax collections?
India’s net direct tax collections have increased by **7 percent**, reaching **Rs 12.92 lakh crore**.
What are the total gross direct tax collections?
Gross direct tax collections, prior to refunds, are estimated at **Rs 15.35 lakh crore**.
How much has the government set as a target for direct tax collections?
The government has set a target of **Rs 25.20 lakh crore** for direct tax collections.
What tax relief measures have been announced?
Significant income tax relief measures have been announced, including an increased standard deduction for salaried taxpayers.
What changes have been made to Tax Deducted at Source (TDS) limits?
The TDS limit for senior citizens has been raised to **Rs 1 lakh**, and for rent, it has increased to **Rs 6 lakh** annually.
