New Delhi, Jan. 12 -- India's net direct tax collections for the financial year 2025-26 have recorded a strong growth of 8.82 per cent, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Income Tax Department on Monday.

Gross direct tax collections stood at Rs 21.50 lakh crore, marking a 4.14 per cent increase over the Rs 20.64 lakh crore collected in the corresponding period of FY25. Corporate tax collections rose modestly to Rs 10.47 lakh crore, while non-corporate tax collections, which include taxes paid by individuals and other entities, increased to Rs 10.58 lakh crore.

The Union Budget 2026 will be presented ...