India's direct tax collections, net of refunds, rose 14.64% year-on-year to ₹5.21 lakh crore as on June 17.

India

Who

India's direct tax collections, corporations, individuals, firms, and other assessees

What

When

Thu, 18 Jun 2026 19:22:00 GMT · 14h 0m ago

Where

India ·

Why

This growth is driven by strong advance tax payments from corporations, indicating robust corporate earnings and a positive business outlook for the current fiscal year.

The Frontline Impact

How this affects you

The strong growth in tax collections, particularly from corporations, suggests a resilient corporate sector and could help the government maintain its fiscal deficit target, despite global geopolitical headwinds.

Story chain

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Verified Sources & Citations

The Economic Times
https://economictimes.indiatimes.com/news/economy/indicators/despite-west-asia-crisis-net-direct-tax-mopup-grows-15-to-rs-5-2-lakh-crore/articleshow/131841255.cms
HIGH

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