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flag India's direct tax collections hit ₹22.80 lakh crore by March 17, 2026, up 7.19% year-on-year, driven by strong corporate tax growth and improved compliance.

flag India's net direct tax collections reached ₹22.80 lakh crore by March 17, 2026, a 7.19% increase year-on-year, driven by strong corporate tax growth and improved compliance. flag Corporate tax rose 12.77% to ₹10.92 lakh crore, supported by a 9.5% increase in advance tax, while non-corporate tax grew 2.7% to ₹11.32 lakh crore. flag Refunds declined 5.86% to ₹4.35 lakh crore due to stricter automated scrutiny. flag Despite tax concessions in the 2025-26 budget that slowed overall growth, officials believe the revised target of ₹24.2 lakh crore is on track.

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