GENERAL18 Sept 2026
India's net direct tax collection rises 13% to ₹12.12 trillion till Sept 17
India's net direct tax collection rose 13 per cent to over ₹12.12 trillion till September 17 this fiscal. Gross collection grew 15 per cent, and refunds jumped 29.19 per cent. Corporate tax rose 19.48 per cent, while individual and Hindu Undivided Family (HUF) tax grew 6 per cent. For business owners, advance tax payments are up, so check your own instalments are on schedule.
Key Statutory Highlights
- Net direct tax collection rose 13 per cent to over ₹12.12 trillion till September 17 this fiscal.
- Gross direct tax collection grew 15 per cent to over ₹14.32 trillion, while refunds rose 29.19 per cent to over ₹2.20 trillion.
- Advance tax mop-up increased 16.18 per cent to about ₹5.22 trillion, helped by an 18 per cent rise in corporate advance tax payments.
Actionable Advice for Taxpayers / Founders:Go through your advance tax and TDS entries for this year and compare them with your expected income. If your figures don't match, talk to a tax professional before the next instalment date.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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