Net Income Tax Collection Grows 15% to Rs 5.21 Lakh Cr

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Jun 18, 2026 20:20

India''s net income tax collection surged 15% to over Rs 5.21 lakh crore by June 17. Corporate tax grew 22%, non-corporate tax 8%. Get the latest tax revenue data.

Net Income Tax Collection Grows 15% to Rs 5.21 Lakh Cr

New Delhi, Jun 18 (PTI) Net income tax collection grew 14.64 per cent to over Rs 5.21 lakh crore between April 1 and June 17, government data showed on Thursday.

This includes net corporate tax collection which rose 22 per cent to Rs 2.08 lakh crore, and net non-corporate tax mop-up, which grew 8 per cent to about Rs 2.94 lakh crore so far this fiscal year.

Non-corporate tax includes taxes paid by individuals, HUFs, firms.

Refunds worth Rs 89,026 crore was issued till May 17, registering an increase of 1.19 per cent over the year-ago period.

On a gross basis, direct tax collection increased 12.46 per cent to over Rs 6.10 lakh crore. This includes corporate tax of over Rs 2.76 lakh crore and NCT of about Rs 3.15 lakh crore.

The government has budgeted to collect Rs 26.97 lakh crore from direct taxes in the current fiscal year, a 15 per cent growth over Rs 23.40 lakh crore collected in FY26.

Source: PTI By Rediff Money Desk, New Delhi

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