India's net direct tax collections for the fiscal year 2025-26 reached ₹23.40 lakh crore, reflecting a 5.12% increase from the previous year. However, this figure fell short of the revised target of ₹24.21 lakh crore by ₹81,000 crore, as reported by the Central Board of Direct Taxes (CBDT). The shortfall was primarily due to lower-than-expected collections from both corporate and personal income taxes. Corporate tax collections amounted to ₹10.99 lakh crore, slightly below the revised estimate of ₹11.09 lakh crore, while personal income tax collections, including securities transaction tax, reached ₹12.41 lakh crore, missing the target of ₹13.12 lakh crore. Despite these challenges, officials noted that the growth in collections indicates the resilience of the Indian economy. However, they anticipate a potential moderation in tax buoyancy in the coming fiscal year, with a clearer picture expected by June when corporates file their advance tax for the first quarter.