Economy, Banking and Finance · 14 January 2026

Government of India net direct tax kitty swells 8.82% to ₹18,37,898.32 crore by January 11 2026.

Exam-focused facts from the 14 January 2026 current affairs briefing.

Key facts

  • Gross direct tax collections for FY 2025-26 stood at ₹21,49,831.89 crore as on January 11 2026, up 4.14% from ₹20,64,350.94 crore in the corresponding period of FY 2024-25.
  • Gross corporate tax collections rose to ₹10,46,574.28 crore from ₹9,71,851.07 crore a year earlier.
  • Gross non-corporate tax collections increased to ₹10,58,046.13 crore from ₹10,45,093.86 crore in the same period last year.
  • Refunds issued during FY 2025-26 up to January 11 2026 totaled ₹3,11,933.57 crore, 16.92% lower than ₹3,75,441.27 crore in the corresponding period of FY 2024-25.
  • Net corporate tax collections after refunds reached ₹8,63,038.88 crore.
  • Net non-corporate tax collections after refunds stood at ₹9,29,671.69 crore.