India’s Direct Tax Collection Grows 8.8% in FY26

India’s direct tax collections for the financial year 2025-26 have recorded an 8.8 percent growth compared to the same period last year. This surge reflects a robust domestic economy and improved tax compliance across both corporate and individual sectors. The Income Tax Department noted that higher advance tax payments and a broadening tax base contributed significantly to this fiscal milestone, providing the government with additional headroom for infrastructure and social spending.