GENERAL18 Sept 2026
Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17
India's net direct tax collection rose 13% to over ₹12.12 lakh crore till September 17, 2026, the Central Board of Direct Taxes (CBDT) data shows. Corporate tax grew 19.48% and individual tax 6%. Advance tax mop-up rose 16.18%, while refunds jumped 29.19%. If you run a business, this trend suggests steady, timely payments matter. Check your TDS and advance tax workings early.
Key Statutory Highlights
- Net direct tax collection rose 13% to over ₹12.12 lakh crore till September 17, 2026.
- Corporate tax grew 19.48% to about ₹5.56 lakh crore, while non-corporate tax rose 6% to over ₹6.16 lakh crore.
- Refund issuance jumped 29.19% to over ₹2.20 lakh crore till September 17, 2026.
Actionable Advice for Taxpayers / Founders:Review your advance tax and tax deducted at source records for this year and check them against your books, so any mismatch is sorted before the next instalment. A CA can help you verify the numbers.
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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