Direct tax revenue upsurge by 9% to over ₹10.82 lakh crore

New Delhi: Net direct tax collections in Delhi so far this financial year have increased by 9.18 percent to over ₹10.82 lakh crore, driven by higher advance tax collections from companies and public sentiment.

Between April 1 and September 17, the rate of issuance of advance tax was 24 percent, accounting for ₹1.61 lakh crore.

During this period, company directors’ tax collections increased by 6.11 percent to over ₹3.52 lakh crore. However, non-corporate pre-tax collections contributed 7.30 percent to over ₹96,784 crore.

Between April 1 and September 17, net company collections exceeded ₹4.72 lakh crore, compared to ₹4.50 lakh crore in the same period of 2024.

Non-corporate taxes, which include individuals and HUFs, have totaled approximately ₹5.84 lakh crore so far this financial year, compared to ₹5.13 lakh crore in the same period last year.

Securities tax (STT) collections have totaled ₹26,306 crore so far this financial year, compared to ₹26,154 crore in the same period a year ago.

Net direct tax collections, which include individuals and companies, increased 9.18 percent year-on-year to ₹10.82 crore as of September 17 this financial year, from ₹9.91 lakh crore a year ago.

Gross direct tax collections, before the moratorium, stood at over ₹12.43 crore as of September 17 this financial year, a growth of 3.39 percent compared to the same period last year.

In the current fiscal (2025-26), the government has estimated direct tax collections at ₹25.20 lakh crore, a 12.7 percent increase over the previous year. The government aims to garner ₹78,000 crore from Special Tax (ST) collections in FY26.