Direct tax mop up misses FY26 target by ₹81000 crore as growth slows

Both corporate and personal tax collections came up short

India’s direct tax collections edged up in FY26, but the overall mop-up missed the revised target by ₹81,000 crore. Lower-than-expected corporate and personal income tax collections drove the shortfall, even as officials pointed to an underlying resilience in the economy. Tax growth is expected to moderate further, with a clearer assessment by June.