New Delhi, May 4 (PTI) Government's net direct tax collections grew 5.12 per cent to over Rs 23.40 lakh crore in 2025-26, but missed the revised budgeted target set for the fiscal year that ended March 2026.

In the revised estimates (RE) for the fiscal year (2025-26), the government projected its direct tax collection at Rs 24.21 lakh crore. This included a corporate tax of Rs 11.09 lakh crore and personal income tax (including STT) of Rs 13.12 lakh crore.

According to the data released by the Central Board of Direct Taxes (CBDT), net corporate tax mop-up was Rs 10.99 lakh crore, and personal income tax, including Securities Transaction Tax, was about Rs 12.41 lakh crore.

Net direct tax collection (including corporate and non-corporate tax) came in at Rs 23.40 lakh crore in FY26, registering a 5.12 per cent growth over Rs 22.26 lakh crore collected in FY25.

Refund issuance dipped 1.09 per cent year-on-year to Rs 4.71 lakh crore in 2025-26.

Gross direct tax collection during the recently concluded fiscal stood at about Rs 28.12 lakh crore, up 4.03 per cent from the 2024-25 fiscal. PTI JD HVA

Direct tax collections rise with stronger gross receipts and lower refunds, though the revised target remains unmet. Net direct tax collections for 2025-26 rose 5.12 per cent to over Rs 23.40 lakh crore, but remained below the revised estimate of Rs 24.21 lakh crore. CBDT data showed net corporate tax collections at Rs 10.99 lakh crore and personal income tax, including Securities Transaction Tax, at about Rs 12.41 lakh crore. Gross direct tax collection stood at about Rs 28.12 lakh crore, while refund issuance declined 1.09 per cent to Rs 4.71 lakh crore.