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Net Direct Tax Collections Cross Rs 15 Lakh Crore for FY 2025-26.

Economy & Business | Dated: 17 Dec 2025

India’s net direct tax collections have crossed the Rs 15 lakh crore mark for the fiscal year 2025-26 (as of December 15), registering a growth of 20% compared to the same period last year. The surge is driven by strong personal income tax (PIT) and corporate tax collections.

🎯 Key Highlights:

  • The Central Board of Direct Taxes (CBDT) reported that refunds amounting to Rs 2.5 lakh crore have already been issued.
  • Personal Income Tax collections grew by 24%, outpacing corporate tax growth.
  • This trend suggests that the government is likely to exceed its budgetary target of Rs 22 lakh crore for direct taxes.

💡 Other Important Facts:

  • Milestone: Rs 15 Lakh Crore Net Collection.
  • Growth: 20% Year-on-Year.
  • Key Driver: Personal Income Tax.

📚 Test Your Knowledge:

What amount did the net direct tax collections cross for FY 2025-26 as of mid-December?

Correct Answer: Rs 15 Lakh Crore

🚀 Quick Recap:

About CBDT

  • Chairman – Ravi Agrawal
  • Parent Ministry – Finance