India’s net tax collections surged 7% year-over-year to ₹12.92 trillion during April 1 to November 10, 2025, while gross tax collections rose over 2% to ₹15.35 trillion. The growth reflects robust compliance and strong economic activity, underpinning government’s fiscal health and revenue targets for FY26.
India's tax administration reported a notable rise in tax collections for the period April 1 to November 10, 2025. Net tax collections, which account for tax receipts after refunds, increased by 7% year-on-year to ₹12.92 trillion. The gross tax collections, reflecting total revenue before refunds, rose by over 2% to ₹15.35 trillion during the same period.
The improved tax buoyancy is attributed to enhanced compliance mechanisms, digitization efforts, and sustained economic growth despite global uncertainties. Corporate tax collections and individual income tax receipts contributed significantly to this growth. Additionally, a reduction in tax refunds disbursed helped bolster net collections.
This upward trend strengthens the prospects of the government meeting its ambitious fiscal year 2025-26 target of ₹25.20 trillion in direct tax revenue. It also sustains fiscal stability needed for developmental spending and economic reforms.
Key Highlights:
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Net tax collections increased 7% Y-o-Y to ₹12.92 trillion in April-Nov 2025.
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Gross tax collections rose over 2% to ₹15.35 trillion in the same period.
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Growth driven by stronger corporate and personal income tax inflows.
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Reduced tax refunds contributed positively to net collection growth.
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Digitization and compliance measures enhanced tax revenue integrity.
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FY26 direct tax revenue target set at ₹25.20 trillion, indicating robust fiscal health.
Sources: Reuters, Economic Times, Income Tax Department, CBDT