📷 Image: Wikimedia Commons / Prime Minister's Office, Government of India
Business
India's Net Direct Tax Collection Jumps 13% to ₹12.12 Trillion by Sept 17
✍️ Business Standard
🗓 18 Sep 2026, 08:01 PM
👁 13
Net direct tax receipts rose 13% year‑on‑year to ₹12.12 trillion for the period ending September 17, according to the Finance Ministry.
India's Finance Ministry reported that net direct tax collections reached ₹12.12 trillion for the period up to September 17, marking a 13% increase compared with the same stretch last year. The data, released by the ministry, reflects the total amount of income tax, corporate tax and other direct levies paid by individuals and businesses.
The rise in collections underscores a stronger fiscal performance as the government aims to narrow the fiscal deficit ahead of the upcoming budget. Higher receipts are attributed to improved compliance, robust corporate earnings and a broader tax base.
Economists note that the upward trend supports the government's consolidation agenda and may provide additional fiscal space for public spending and reforms. The ministry expects the momentum to continue through the remainder of the financial year.
Analysts also point to the role of digital filing and stricter enforcement in driving the increase, suggesting that sustained growth in direct taxes could bolster confidence in India's economic outlook.
The rise in collections underscores a stronger fiscal performance as the government aims to narrow the fiscal deficit ahead of the upcoming budget. Higher receipts are attributed to improved compliance, robust corporate earnings and a broader tax base.
Economists note that the upward trend supports the government's consolidation agenda and may provide additional fiscal space for public spending and reforms. The ministry expects the momentum to continue through the remainder of the financial year.
Analysts also point to the role of digital filing and stricter enforcement in driving the increase, suggesting that sustained growth in direct taxes could bolster confidence in India's economic outlook.