According to the statistics released by India's Income Tax Department, in the current financial year, the net direct tax collection has reached 11.89 lakh crore rupees with a 6.33% increase. The department's statement mentioned that the direct tax revenue has increased due to strong corporate tax collection and slow growth in refunds.Also Read: Travellers Can Win ₹1,000 FASTag Recharge by Reporting Dirty Toilets at NHAI Toll Plazas

The total direct tax collection stands at 13.92 lakh crore rupees, compared to 13.60 lakh crore rupees in the same period last year. Refunds have decreased to 2.03 lakh crore rupees, showing a decline of about 16% compared to 2.41 lakh crore rupees in 2024-25. In the net collection, corporate taxes have risen from 4.91 lakh crore to 5.02 lakh crore rupees.Also Read: Clarence College Student in Bengaluru Commits Suicide...Cause Remains Unclear!

Non-corporate tax collections, including personal and Hindu Undivided Family (HUF), have increased from 5.94 lakh crore to 6.56 lakh crore rupees. The Securities Transaction Tax (STT) collection has seen a slight increase to 30,878 crore rupees, while other minor taxes have reached 294 crore rupees.Also Read: Helmetless, Wrong-Route Driving: Another Motorist Faces Verbal Abuse

For the full financial year 2025-26, the government has set a target of 25.20 lakh crore rupees in direct tax collection, which is a 12.7% increase over the previous year. In the current year, a plan has been made to collect 78,000 crore rupees from STT.Sidhidata Women's Kanjivaram Banarasi Soft Silk Saree With Unstitched Blouse Piece (Silk Box Flower)