FY26 Direct Tax Revenue Surges by 8.8% Year-on-Year

A strong start to the 2025-26 fiscal year sees India's direct tax revenue climbing by 8.8%. Data suggests that personal income tax and corporate tax collections are both trending upward, fueled by digitalization and better enforcement through AI-driven tools. Analysts suggest this growth indicates resilience in the face of global economic headwinds, as domestic consumption and corporate profits remain healthy, leading to better-than-expected revenue inflows for the exchequer.