India's Direct Tax Collection Grows 8.82% in FY26

India's tax collection for the current year (FY26) has increased by 8.82% compared to the previous year.

This means the government has collected more taxes from both companies and individuals.

The total amount collected so far is over ₹18.38 lakh crore.

This includes taxes from businesses (₹8.63 lakh crore) and from individuals and families (₹9.30 lakh crore).

The government also collected ₹44,867 crore from taxes on stock market transactions.

However, the amount of money returned to taxpayers as refunds has decreased by 17% to ₹3.12 lakh crore.

The government aims to collect a total of ₹25.20 lakh crore in direct taxes for the entire year, which is 12.7% more than last year.

They also plan to collect ₹78,000 crore from taxes on stock market transactions.