The government has received good news before the budget. In fact, there has been a tremendous jump in direct tax collection. If we look at the government figures, there has been an increase of about 9 percent in tax collection. The major reason for the surge in tax collection is believed to be the huge decline in refunds. In which a decline of 17 percent has been seen. The government has released the tax collection figures on Monday. Which contains data from 1 April 2025 to 11 January 2026. Let us also tell you what kind of data has been released by the government.

Government figures regarding tax collection

1. The Income Tax Department said on Monday that in the current financial year till January 11, an increase of 8.82 percent was recorded in direct tax collection and it stood at more than Rs 18.38 lakh crore.
2. This direct tax collection includes net corporate tax collection of more than Rs 8.63 lakh crore and tax collection of Rs 9.30 lakh crore from non-corporate entities including individuals and HUFs.
3. According to Income Tax Department data, Security Transaction Tax (STT) collection between April 1 and January 11 stood at Rs 44,867 crore.
4. There was a big decline in refunds during this period. According to the Income Tax Department, a decline of 17 percent was recorded in refunds and it stood at Rs 3.12 lakh crore.
5. According to the Income Tax Department, in this financial year till January 11, the gross direct tax collection increased by 4.14 percent and was approximately Rs 21.50 lakh crore.
6. In the current financial year (2025-26), the government has estimated direct tax collection at Rs 25.20 lakh crore, which is 12.7 percent more than the previous year.
7. According to the information, the government aims to collect Rs 78,000 crore from Security Transaction Tax i.e. STT in the financial year 2026.

Good figures before the budget

The special thing is that the budget is going to be presented on February 1. Before that, the tax collection figures were quite good. According to experts, the government can fulfill its target before the end of the financial year. At present, the Government of India needs about Rs 7 lakh crore to reach the target of direct collection. On the other hand, experts believe that there may be further increase in the target of tax collection in the budget presented for the coming financial year. It is possible that this figure may be between Rs 27 to 30 lakh crore.